S&P rates Khanty-Mansiysk BB-/B

Standard & Poor's said it assigned its BB-/B long- and short-term counterparty credit ratings and its ruAA- Russia national scale rating to Russia-based Bank of Khanty-Mansiysk JSC.

The outlook is stable.

S&P said it bases its ratings on Khanty-Mansiysk, which it views as a "highly strategic" subsidiary of the Nomos banking group, on its bb anchor for a commercial bank operating only in Russia, and its "moderate" business position, "moderate" capital and earnings, "adequate" risk position, "average" funding and "adequate" liquidity, as criteria define the terms.

The agency usually caps the ratings of a highly strategic strategy one notch below the group credit profile, which is bb- for the Nomos banking group. Khanty-Mansiysk's ratings are at the level of its parent because S&P assesses its standalone credit profile at bb-.

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