Standard & Poor's affirms UBRD’s rating

The international rating agency recently affirmed all of the Ural Bank for Reconstruction and Development’s ratings: the bank’s long- and short-term contractor’s credit ratings were affirmed at B- and C, respectively, while the bank’s national scale rating was affirmed at ruBBB-. What is more, the Ural Bank for Reconstruction and Development’s ratings were taken off the agency’s CreditWatch list, the bank’s press officer reports.

‘The approval the bank’s ratings get, as well as the fact that they have been taken off the CreditWatch list, both result from the company’s sufficient ability to cope with the problems generated by the expected asset quality changes. The ratings have also been positively affected by the fact that the Ural Bank for Reconstruction and Development knows its regional market quite well and keeps a steady share of it. In addition, the ratings reflect the bank’s own paying capacity,’ Standard & Poor's reports.

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