OREANDA-NEWS. On August 11, 2014, Standard & Poor's (S&P) affirmed long-term ratings of Gazprombank in foreign and local currencies at investment grade - "ВВВ-".

In its press-release, S&P notes that Gazprombank has sufficient liquidity to meet its wholesale debt service obligations at least in 2014-2015, diversified funding sources with domestic corporate customer deposits being the largest source of funding, and limited reliance on the EU and U.S. capital markets S&P considers Gazprombank's franchise to be strong enough to manage the risks of constrained access to external capital markets and that the Bank will be able to find alternative sources of funding, via increased customer deposits or non EU / U.S. investors. Moreover, the agency anticipates that Gazprombank will benefit from privileged Central Bank funding support.

S&P also affirmed the rating of the Bank's core subsidiary Gazprombank (Switzerland) Ltd. at "ВВВ-".