OREANDA-NEWS. July 23, 2012. Fitch Ratings confirmed the long-term credit rating (Issuer Default Rating) of ZAO Raiffeisenbank at BBB+ with the stable outlook, while upgrading its Viability Rating from bb+ up to the investment grade bbb-, reported the press-centre of Raiffeisenbank. 

The key factors underlying the viability rating are: stable financial performance through the economic cycle; good quality of the loan portfolio; sound risk management; a significant liquidity reserve supported by client deposit inflows; consistent cost-control policy, as well as a stable funding base and strong capital adequacy supported by internal capital generation.

The main factor limiting the upgrade of the Bank's long-term credit rating is the Russia’s Country Ceiling of BBB+. Main factors pressuring the Bank's Viability Rating include the relatively high concentration of borrowers in the loan portfolio and modest market share compared to state-owned banks.