OREANDA-NEWS. Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Chelindbank and Bank Avers at 'BB-', and of Primsotsbank and Bank Levoberezhny at 'B+'. The Outlooks on the Long-Term IDRs are Stable. A full list of rating actions is at the end of this rating action commentary.

The four banks' IDRs and National ratings are driven by their individual strength, as reflected in their Viability Ratings (VRs). The VRs reflect the banks' limited franchises (although market positions are significant in their respective regional markets), significant concentrations and the relatively high-risk Russian operating environment.