OREANDA-NEWS. June 16, 2014. The Standard & Poor’s Rating Services has affirmed Tatfondbank’s ‘B/B’ long- and short-term credit ratings. The outlook is stable. National scale rating was affirmed at ‘ruA-‘.

The ratings were assigned to Tatfondbank on 24 March 2014.

The agency notes the strong links of Tatfondbank to its shareholders, including the Government of Tatarstan, and material market share in Tatarstan, which supports its business development and some metrics that are better than those of peers at the same rating level. Analysts of Standard & Poor’s also note sustainability of the Bank’s business position, the fact that the Bank is well known, and its sound market position in Tatarstan.

‘The depth of Tatfondbank's deposit franchise should allow it to maintain a favourable funding profile, which differentiates it from banks of similar size that are experiencing tougher funding conditions, both in terms of availability and cost’, state the analysts of the agency.

Tatfondbank also has international credit rating from Moody’s Investors Service and national credit ratings from such agencies as Expert RA, АК&M and National Rating Agency (NRA).