OREANDA-NEWS. September 17, 2010. Fitch Ratings affirmed Russian Agricultural Bank's (RusAg) Long-term Issuer Default Rating (IDR) at 'BBB' with Stable Outlook, reported the press-centre of Russian Agricultural Bank.

The affirmation of RusAg’s long-term IDR reflects the high probability of support available from the government of the Russian Federation in case of need - RAB is 100% owned by the government and as a State Agent for agribusiness development.

The rating actions are as follows:

Long-term foreign currency IDR: affirmed at 'BBB'; Outlook Stable

Long-term local currency IDR: affirmed at 'BBB'; Outlook Stable

Short-term foreign currency IDR: affirmed at 'F3'

National Long-term rating: affirmed at 'AAA(rus)'; Outlook Stable

Support Rating: affirmed at '2'

Support Rating Floor: affirmed at 'BBB'

Senior unsecured debt: affirmed at 'BBB'

Subordinated debt: affirmed at 'BBB-'

Individual Rating: remains at 'D'

RusAg is the fourth largest bank in Russia in terms of assets. The bank has 60% market share in agribusiness lending and is number two by regional branch network development.