OREANDA-NEWS. On April 16, 2008 Home Credit & Finance Bank ("HCFB" or "the Bank"), rated Moody's Ba3/NP/D-, S&P B+/B, and one of the leading banks specializing in consumer banking in Russia, announced that the international rating agency, Standard and Poor's, affirmed the Bank's ratings, reported the press-centre of HCFB.

In accordance with the ratings summary issued by Standard & Poor's on 15 April 2008 (following an annual review of HCFB in March), the international rating agency affirmed the Bank’s rating at B+/B level with stable outlook.

Among the positive factors identified by Standard and Poor's were: a supportive owner which has provided financial assistance and technical expertise; a sound capitalization, as well as adequate profitability and asset quality. In addition, HCFB benefits from Russia's good macroeconomic prospects which support high loan demand.

The detailed S&P Summary is available on www.ratingsdirect.com and can also be found at www.standardandpoors.ru