OREANDA-NEWS. November 24, 2011. Sviaz-Bank has decided to discontinue its cooperation with Moody’s rating agency upon expiry of their agreement, with the ratings of the remaining two other international rating agencies it considers enough for implementing its current business development plans, reported the press-centre of Sviaz-Bank.

Sviaz-Bank continues to rely fully on Fitch Ratings and Standard & Poor’s agencies for rating its performance.

On June 14 of this year, Fitch Ratings confirmed Sviaz-Bank’s long-term Issuer Default Ratings (IDR) at BB in foreign and national currencies. The Bank’s short-term IDR in foreign currency were confirmed at B, and the national long-term ratings were confirmed at AA-(rus), with a stable forecast for changes in the ratings.

On October 12, the Standard & Poor's Ratings Services assigned the partner credit ratings to Sviaz-Bank, long-term rating BB- and short-term rating B, and the rating ruAA- on the national scale, with a stable forecast for changes in the ratings.