OREANDA-NEWS. December 23, 2009. OJSC “URALSIB” (BANK URALSIB) (RTS: USBN) is pleased to announce that Standard & Poor’s Ratings Services affirmed its international credit rating 'B/B' to URALSIB-YUG BANK (the Bank).

On December 18, 2009, Standard & Poor's Ratings Services affirmed its 'B/B' long and short-term counterparty credit ratings and its 'ruA-' Russia national scale rating to URALSIB-YUG BANK. The outlook was revised from “developing” to “positive”.

On December 11, 2009 the Bank's Extraordinary General Meeting approved the final decision to merge with BANK URALSIB (B+/Negative/B). Following the EGM decision, Standard & Poor’s Ratings Services withdrew its ratings on URALSIB-YUG BANK at the Bank's request. At the time of withdrawal the Bank had no rated debt outstanding.