OREANDA-NEWS. On 11 February 2015 Sberbank of Russia announced that RusRating had won its bid to provide rating services in connection with the bank’s plans to issue structured exchange bonds.

Ratings will be assigned to both Sberbank itself and to its structured exchange bond series. Rating support will remain in effect for a two-year period.

All accredited Russian rating agencies took part in the bidding, but RusRating’s proposal was judged superior.

Commenting on Sberbank’s decision, RusRating General Director Alexander Zaitsev said:

“We appreciate the trust that Sberbank management has shown. This is a landmark decision not only for our agency, but for all national rating agencies, since in the past major financial structures like Sberbank mainly used the services of foreign companies.”