US envoy to UN pays tribute to Churkin’s ‘great skill’ in advocating Russia's positionWorld February 20, 23:29
Energy minister says Russia outpaces its February schedule of oil production cutBusiness & Economy February 20, 23:02
Russian UN envoy Vitaly Churkin’s death is big loss for Russia, premier saysRussian Politics & Diplomacy February 20, 22:52
Colleagues mourn Russia's ambassador to UN as 'diplomatic giant and wonderful character'World February 20, 21:58
Putin offers condolences over UN Ambassador Vitaly Churkin’s deathRussian Politics & Diplomacy February 20, 21:21
Russia’s Foreign Ministry lost outstanding diplomat — spokeswoman on UN envoy’s deathRussian Politics & Diplomacy February 20, 20:54
Russia's ambassador to UN Vitaly Churkin diesRussian Politics & Diplomacy February 20, 20:24
Antimonopoly service orders Apple to open official service center in Russia by May 1Business & Economy February 20, 20:18
Russian experts made no firm conclusions on resumption of flights to Egypt in near futureBusiness & Economy February 20, 20:03
LONDON, September 21. /TASS/. Standard&Poor's lowered the long-term national and foreign currency credit rating of the Russian Standard Bank (RSB) to ‘CCC-’ from ‘B-’ with the negative outlook, the international rating agency said on Monday.
"The downgrade reflects RSB's continued weak financial performance," Standard & Poor's said.
"The bank's asset quality metrics continue to deteriorate, while its capacity to absorb loan losses continues to fall on the back of its declining margins. This adds pressure on the bank's capitalization, in our view. Therefore, we believe the bank remains susceptible to favorable business, financial, and economic conditions to meet its financial commitments," the rating agency said.
The Russian Standard Bank was founded in 1999. ZAO Russian Standard Company is its majority shareholder.