OREANDA-NEWS. April 09, 2010. On April 1st 2010, international rating agency Standard & Poor's has upgraded National scale rating to ruBBB and revised the outlook on the long-term counterparty rating to stable from negative. S&P affirmed  the counterparty international long-term and short-term credit ratings at B- and C accordingly.

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