OREANDA-NEWS. June 10, 2013. Fitch Ratings has affirmed the Long-term Isuuer Default Rating of Locko-bank at 'B+' with Stable Outlook.

LOCKO-Bank’s ratings by Fitch are as follows:

Long-term foreign and local currency IDRs: affirmed at 'B+', Outlook Stable Short-term IDR: affirmed at 'B' Viability Rating: affirmed at 'b+' Support Rating: affirmed at '5' Support Rating Floor: affirmed at 'No Floor' National Long-term rating: affirmed at 'A-(rus)', Outlook Stable Senior unsecured debt: affirmed at 'B+'; Recovery Rating 'RR4' Senior unsecured debt National Long-term rating affirmed at 'A-(rus)' Subordinated debt: affirmed at 'B(exp)', Recovery Rating 'RR5'

The affirmation of Locko's IDRs and VR reflects improvements in the bank's capitalisation, adequate profitability for a universal commercial bank (16.8% return on equity in 2012 under IFRS) and solid reported asset quality.