International Credit Ratings

Sberbank’s International credit ratings are of investment grade and match or exceed sovereign ratings:

Sberbank’s Long-term ratings:

Year Fitch Moody's
2003 BB+ Ba1
2004 BBB- Ba1
2005 BBB Baa2
2006 BBB+ Baa2
2007 BBB+ Baa2
2008 BBB+ Baa1
2009 BBB Baa1
2010 BBB Baa1

Ratings assigned to Sberbank’s international obligations, 2010:

  Fitch Ratings Moody's
Borrowings under MTN Programme BBB A3
Russian Federation Eurobonds BBB Baa1

In 2010, the international rating agencies revised Sberbank’s assigned ratings:

  • On 22 January 2010, Fitch Ratings changed its outlook on Sberbank’s long-term foreign currency Issuer Default Rating from Negative to Stable (currently at ВВВ).
  • On 21 July 2010, Moody’s changed its outlook on Sberbank’s Financial Strength Rating (individual bank rating) from Negative to Stable. According to agency analysts, ‘the revision was prompted by gradual stabilization of Sberbank’s financial performance’.

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