OREANDA-NEWS. April 06, 2010. On April 1, 2010, Standard&Poor’s international credit rating agency revised the outlook on TransCreditBank’s long-term counterparty credit rating to stable from negative. At the same time, it affirmed the Bank’s long- and short-term counterparty credit ratings (BB and B, respectively), as well as Russian national scale rating (ruAA).

"The rating action reflects Standard&Poor's view that operating conditions for financial institutions in Russia are gradually stabilizing," said Standard&Poor's credit analyst Ekaterina Trofimova in a press-release issued by the agency. "In our opinion, the growth in problem loans has peaked; liquidity has improved and the prospects are brighter for refinancing," Ms. Trofimova said.