The international rating agency Fitch on Monday revised the outlook for Sberbank Europe AG from ‘stable’ to ‘positive’.
The positive outlook reflects an increased ability of Sberbank Russia to support the operations of Sberbank Europe if needed. These changes follow the revision of the outlook for the IDR of the Russian Federation from ‘stable’ to ‘positive’, according to a statement from Sberbank.
Summary of the latest rating assessments by Fitch for Sberbank Europe AG:
Long-term IDR: affirmation of ‘BB+’ rating; outlook: Positive
Short-term IDR: affirmation of ‘B’ rating
Sustainability assessment: affirmation of ‘b+’ rating
Support assessment outlook: affirmation of ‘3’ rating
