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Article: Rossiyskiy Kredit Bank Counterparty Ratings Assigned by S&P
- Article from:
- PR Newswire
- Article date:
- July 3, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, July 3 /PRNewswire/ -- Standard & Poor's today has assigned its single-'B' long-term counterparty rating and single-'B' short-term counterparty rating to Rossiyskiy Kredit Bank (RK).
As one of the important banks in the Russian system, RK has developed a franchise among the steel and wood processing industries, which are owned by related entities. The bank provides these entities with financing and a variety of financial services, which include accessing Western funds for restructuring the industries. This characteristic, however, comes at the cost of large concentrations of exposure to related entities. To diversify, the bank has become a leader ...