19.02.2021

Fitch Revises Outlook on Bank Saint Petersburg to Stable; Affirms at ‘BB’

18 Feb 2021 Fitch Ratings has revised the Outlook on Bank Saint Petersburg PJSC's (BSPB) Long-Term Issuer Default Ratings (IDRs) to Stable from Negative and affirmed the IDRs at 'BB'.

The revision of the Outlook reflects Fitch's view of reduced pressure on BSPB's financial profile from the pandemic. BSBP's financial metrics were stable in 2020, while business volumes recovered in 2H20 after a dip in 2Q20 when the national lockdown was introduced.

Tags: IR News