ACRA did not like the business reputation of the ex-owner of the sanitized "Growth of the Bank". The agency appropriated its new bank "Realist" a low rating of V.
The company will pay at least 50% of the free cash flow.
Only 21% of Russian banks are able to independently generate capital, analysts concluded ACRA. The only source of financing in these conditions is the state, and on the horizon of three to five years the situation will not change.
Igor Shuvalov began work at the head of VEB with a proposal to cut almost half of the staff of the state corporation. Although the savings will be small. To become an effective development institution, VEB needs to cut costs, experts say.
The standard of living in Russia continues to decline, despite the growth in oil prices (2.3 times in two years).
Oil and gas companies so far account for about a third of total dividend payments by Russian companies, but have already reduced them by 15%. The leader in dividends is still MMC Norilsk Nickel with 141 billion rubles.
FC "Otkrytie" is trying to cajole the rating agencies.
Top management of the second largest state bank in Russia is sabotaging the plans for privatization and accused the expert agency of the "wrong method."
Moment for the sale was well chosen, experts say.
Prices for steel and coal recovered due to temporary problems in China and Australia, but soon it will end, experts say.