OREANDA-NEWS. September 30, 2010. According to Victoria Belozerova, RusRating’s Director of Ratings and Macroeconomics, the change in outlook reflects the falling share of business done with affiliated parties and the expansion of market-oriented operations.

The rating itself is based on solid ties to core corporate clients, a growing market presence in retail deposits, and negligible dependence on the interbank market.

Constraining factors include above-average credit risks, a concentrated corporate client base, and limited access to long-term resources.