OREANDA-NEWS. June 30, 2011. Fitch Ratings Agency confirmed Sviaz-Bank’s long-term issuer default ratings (IDR) in foreign and national currencies at BB, with a “stable” outlook, reported the press-centre of Sviaz-Bank.

The short-term IDR in foreign currency has been confirmed at B, the support rating at 3, and the individual rating, at D/E. The national long-term rating has been confirmed at AA-rus, with a “stable” outlook.

As the international rating agency says in its announcement, the positive factors contributing to Sviaz-Bank’s individual rating include the high growth rates of its loan portfolio, significant capitalization (first-level capital adequacy and total capital rates at the end of the first quarter of 2011 were 18.9% and 37.8%, respectively), adequate liquidity, and high quality of its assets.

In Fitch Ratings’ view, Sviaz-Bank’s IDR and support rating are attributed to the potential support the Bank can, in need, obtain from Vnesheconombank, its majority shareholder.