ACRA affirms AAA(RU) to AO UniCredit Bank, outlook "Stable"
On June 24, 2019, Analytical Credit Rating Agency (ACRA) affirmed AO UniCredit Bank the credit rating of AAA (RU), the highest level of creditworthiness on the national scale, the outlook is "Stable".
The credit rating of UniCredit Bank is determined by the following factors: a high likelihood of receiving, if necessary, support from the shareholder, the high level of UniCredit Bank’s stand-alone creditworthiness, strong business profile, significant loss absorption buffer, adequate risk profile assessment, and strong liquidity position.
Mikhail Alekseev, Chairman of the Management Board of UniCredit Bank commented: "UniCredit Bank has been among the most reliable banks in Russia for a long time. We are glad that our stable financial performance and efficient business model are confirmed by the highest ratings from reputable rating agencies."
Press Release ACRA is available at https://www.acra-ratings.com/about/news/1002.