OREANDA-NEWS. November 1, 2011. RusRating has cancelled the credit rating of Orenburg-based Forshtadt Commercial Bank Closed Joint-Stock Company – “BB” with a stable outlook – following the expiration of its rating contract.

RusRating has in turn expressed its appreciation to Bank Forshtadt management for a fruitful past partnership and for its openness.

ZAO RusRating is an independent rating agency accredited by the Ministry of Finance of the Russian Federation. The company, which was set up in 2001, is a member of the GlobalRating group. Its primary services are the provision of credit ratings to banks and industrial firms plus their bonds; it also provides analysis of various aspects of the Russian financial sector.