...Strong Metrics, Conservative Managem ent: AO UniCredit Bank's (UCB) Issuer Default Ratings (IDRs) reflect its intrinsic credit strength, as expressed by its Viability Rating (VR). The ratings reflect UCB's strong asset quality, stable performance and significant capital and liquidity buffers. They also factor in UCB's conservative risk appetite and management, w hich benefit from close integration w ith its parent bank, UniCredit S.p.A. (BBB/Negative/bbb). Institutional Support Highly Probable : Fitch Ratings believes that UCB may receive support from its parent bank, if needed, given the continued strategic importance of the Russian market for the group, full ow nership and common branding. This is also due to the significant reputational risks in case of subsidiary default given the parent's broad international presence, and the high level of integration betw een the parent and the subsidiary. Resilient Asset Quality: At end-2Q19, UCB's impaired loans (defined as Stage 3 loans under IFRS...
