OREANDA-NEWS. Fitch Ratings has today affirmed Russia-based Locko-bank's ("Locko") ratings at Issuer Default rating ("IDR") 'B-' (B minus), Short-term 'B', Individual 'D', Support '5' and National Long-term 'BB+(rus)'. The Outlooks for the IDR and National Long-term ratings remain Stable.

The ratings of Locko reflect its small size by international standards, limited, albeit developing, franchise, some business concentrations and modest core profitability.

They also take into account its currently good asset quality, reasonable capitalisation and adequate liquidity, which is supported by improved access to capital.