OREANDA-NEWS. RusRating has raised the credit rating of OAO Chelindbank (Chelyabinsk) from "BBB" to “BBB+” on the national scale and from "BB" to “BB+” on the international scale, in both cases with a stable outlook.

The rating increase reflects systematic development within the framework of the Bank’s chosen business model and the continuing health of its key financial indicators, even under unfavourable macro-economic conditions.

The rating itself is based on solid market positions at the regional level; positive development trends; a stable ownership structure coupled with the positive impact of the Bank’s shareholders; moderate realised credit risks; a strong capital base; and healthy earnings.

Constraining factors include a funding base weakly diversified by type and the limited capacity of the Bank's owners to provide support.