OREANDA-NEWS. Fitch Ratings has today revised Russia-based Promsvyazbank's ("PSB") Outlook to Stable from Positive. The bank's ratings are affirmed at Issuer Default "B+", Short-term "B", Support "5" and Individual "D".

The change in Outlook reflects the reduced likelihood that German-based Commerzbank AG (rated Issuer Default "A"/Stable Outlook), will acquire a majority stake in PSB following recent statements by Commerzbank representatives.

Fitch initially assigned the Positive Outlook in December 2006, after Commerzbank completed the acquisition of a 15% stake in PSB and was expected to continue negotiations with PSB's main shareholders to seek control in the medium-term.