OREANDA-NEWS. Standard and Poor’s Ratings Services revised its outlook on CREDIT BANK OF MOSCOW from Stable to Positive. The Bank’s ‘B+/B’ long and short-term counterparty credit ratings and the ‘ruA+’ Russia national scale rating were affirmed.

Among factors that had a positive impact on their decision the agency cited improving competitive positions, high asset quality indicators and sustainable profitability of the Bank.

The Bank’s ratings may be upgraded if development trends continue to be positive and the Bank can keep its asset quality and profitability indicators at what Standard and Poor’s considers above-average levels.

In June 2012 Fitch Ratings upgraded CBM long-term issuer default rating from B+ to BB-.