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S&P Affirms Its Credit Ratings of Otkritie FC Bank at BB-/B


Standard&Poor’s has affirmed its credit ratings of Otkritie FC Bank, the parent company of Otkritie FC Banking Group, removing them from the CreditWatch list (revised ratings list). The long-term rating is affirmed at BB-; the short-term one, at B. 

“This is the second time since the downgrade of Russia’s sovereign credit rating in January 2015 that S&P has affirmed these ratings of Otkritie FC Bank. This proves the efficiency of our strategy and the sustainability of our business model in the new macroeconomic environment,” pointed out Senior Vice-President of Otkritie FC Bank Yuri Lekarev.