OREANDA-NEWS. March 17, 2010. BANK URALSIB (Bank) (RTS: USBN) is pleased to announce that Fitch Ratings has revised BANK URALSIB outlook Negative to Rating Watch Evolving (RWE).

On March 5, 2010 Fitch Ratings placed BANK URALSIB on Rating Watch Evolving (RWE) along with other 14 banks. URALSIB Leasing company was also placed on Rating Watch Evolving (RWE).

According to Fitch Ratings press release, the rating actions reflect the potential for future rating upgrades. The resolution of the rating watches and decisions on potential rating upgrades will be made following reviews of the current financial position and prospects of each individual bank, and any upgrades will in most cases likely be limited to one notch. Fitch Ratings expects to complete these reviews within the next three months.

Fitch Ratings affirmed URALSIB's long-term Issuer Default credit rating at "B+" in November 2009.