Ural Bank for Reconstruction and Development’s rating upped
16 November 2007 (10:15)
RusRating promoted the Ural Bank for Reconstruction and Development’s credit rating from B- to B; the Rating Outlook was said to be Stable.
'The rating was improved because of the bank’s efforts to offer more loans to private customers, expand their subsidiary network, and achieve overall growth. Besides, they’ve got a nice share of the Urals’ private deposit market; they also enjoy a nice reputation on the Russian interbank market,’ RusRating says.
In addition, the Ural Bank for Reconstruction and Development’s long- and short-term credit ratings were also confirmed at B- and C respectively by Standard and Poor’s (S&P) in March 2007. The Rating Outlook was described as Stable. Prior to this, Moody’s Investors Service confirmed the bank’s long- and short-term credit ratings at B3 and NP at the beginning of 2007. The Rating Outlook was described as Stable.
'The rating was improved because of the bank’s efforts to offer more loans to private customers, expand their subsidiary network, and achieve overall growth. Besides, they’ve got a nice share of the Urals’ private deposit market; they also enjoy a nice reputation on the Russian interbank market,’ RusRating says.
In addition, the Ural Bank for Reconstruction and Development’s long- and short-term credit ratings were also confirmed at B- and C respectively by Standard and Poor’s (S&P) in March 2007. The Rating Outlook was described as Stable. Prior to this, Moody’s Investors Service confirmed the bank’s long- and short-term credit ratings at B3 and NP at the beginning of 2007. The Rating Outlook was described as Stable.
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