VTBIVolume to Be Infused (medical infusion pump)
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The higher ratings are based on Fitch's view of the increased strategic importance of VTBI to its 100% parent, Bank VTB (MCX:VTBR), which is rated BBB, the agency explained.
The "Very Important" status is indicative of the higher levels of synergy between the group's banking and insurance activities, reinforced stand-alone financial profile of VTBI and crystallisation of VTBI's medium-term strategic focus, which is broadly on bancassurance rather than on dynamic growth in the open market, Fitch said.