All sites of VEB Group:

Vnesheconombank VEB-Engineering VEB-Capital VEB-Leasing VEB-Innovation
The Russian Agency for Export Credit
and Investment Insurance (EXIAR)
The North Caucasus
Development Corporation
OJSC «Far East and Baikal Region
Development Fund»
The Russian Direct Investment Fund GLOBEX Bank Sviaz-Bank OJSC SME Bank OJSC BelVEBPSC VEB Asia

Moody's has assigned EXIMBANK the Ba1 Counterparty Risk Rating

Moody's rating Agency assigned EXIMBANK of Russia, JSC the Ba1 Counterparty Risk Rating (CRR). The assignment of the CRR followed the updated rating Methodology published in June 2018. According to the changes in the Methodology, a new type of rating – Counterparty Risk Ratings (CRR) was introduced. The Counterparty Risk Ratings refer to an opinion of Moody's about the ability of the Bank to honor the uncollateralized portion of non-debt counterparty financial liabilities (CRR liabilities). Such liabilities typically relate to transactions with unrelated parties. The CRRs represent the Agency's opinion on both the likelihood of a default and the expected financial losses suffered in the event of default associated with these CRR liabilities. In particular, such liabilities may include uncollateralized portion of payables arising from derivatives transactions and the uncollateralized portion under sale and repurchase agreements.