OREANDA-NEWS. Standard & Poor's Ratings Services said today it raised its ratings on the Russian Bank for Development (RBD) and removed them from CreditWatch with positive implications, where they had been placed on Nov. 15, 2006.

The long-term issuer credit rating was raised to 'BBB+' from 'BBB', and the short-term issuer credit rating was raised to 'A-2' from 'A-3'. The outlook is stable.

The senior unsecured debt rating on the $170 million loan participation notes due 2008 issued by RBD Capital S.A. was also raised to 'BBB+' from 'BBB' and removed from CreditWatch with positive implications.