OREANDA-NEWS. Fitch Ratings has today upgraded Russia-based International Industrial Bank's ("IIB") National Long-term rating to 'BBB(rus)' from 'BBB-(BBB minus)(rus)'. The Outlook on the National Long-term rating remains Stable.

Its other ratings are affirmed at Issuer Default 'B' with Stable Outlook, Short-term 'B', Individual 'D' and Support '5'.

The upgrade of the National Long-term rating reflects IIB's sustained track record of adequate capitalization, liquidity and asset quality to date as well as the bank's improving transparency.