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Fitch changed Banca Intesa’s rating outlook to ‘Stable’

Moscow, October 25, 2016. On October 21st, 2016 International rating agency Fitch confirmed Banca Intesa’s Long-term foreign and local currency IDRs at ‘BBB-’, Short-term foreign currency IDR at ‘F3’, Support and Viability ratings at '2' and ‘b+’ respectively, and National long-term rating at 'AAA(rus)'.

The outlook on Bank’s long-term ratings has been changed from ‘Negative’ to ‘Stable’, the National long-term rating outlook has been confirmed as ‘Stable’. The revision of Banca Intesa’s rating outlook followed the latest rating confirmation of the Russian Federation and revision of country’s rating outlook (‘BBB-‘/Outlook ‘Stable’), which took place on October 14th, 2016.

“This is an inspiring signal for our clients and investors. The revision of the outlook proves positive changes in the Russian economy and stabilization of its banking system. We truly hope to return to the growth track in the nearest future’, said Member of the Management Board, Head of Treasury of Banca Intesa Oleg Dzhus.

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