OREANDA-NEWS. Fitch Ratings has today affirmed Moscow Bank for Reconstruction and Development's ("MBRD") ratings at Issuer Default "B", National Long-term "BBB-(BBB minus)(rus)", Short-term "B", Individual "D/E" and Support "4". The Outlooks on the Issuer Default and National Long-term ratings remain Positive.

The Issuer Default, Short-term, Support and National Long-term ratings are underpinned by the potential support from the bank's majority shareholder, AFK Sistema JSFC ("Sistema", rated "B+"/Positive Outlook).

In Fitch's view, given its 95%-ownership and the level of MBRD's integration into the group structure, Sistema's propensity to provide support in case of need is likely to be high, although it might not always be able to provide timely support, as reflected in its "B+" rating.