OREANDA-NEWS. April 27, 2010. Standard & Poor's (S&P) Rating Agency has announced it has reviewed OJSCB “Promsvyazbank”’s (PSB) rating outlook from stable to positive, while long- and short-term counterparty credit and certificate of deposit ratings credit remains unchanged on the level “B”, reported the press-centre of PSB.

PSB became the first bank in Russia whose outlook was changed by S&P to “Positive” in 2010. The positive outlook reflects the gradually stabilizing operating environment in Russia, improved liquidity and strengthening of PSB’s risk management. S&P mentioned the moderated market risks and operating efficiency of PSB.

At the same time in S&P opinion current level of credit rating continues to reflect their view of challenging, albeit stabilizing, operating environment, heightened credit risks and negative interest margin trends in the banking sector.