OREANDA-NEWS. June 04, 2010. BANK URALSIB (OJSC “URALSIB” or the Bank) (RTS: USBN) informs that Fitch Ratings has affirmed Long-term Issuer Default rating of BANK URALSIB and URALSIB Leasing Group at "B+" , assigning  Stable Outlooks.

On May 27, 2010 Fitch Ratings affirmed Long-term Issuer Default Rating at "B+" of BANK URALSIB and URALSIB Leasing Group, removing the entities from Rating Watch Evolving (RWE) and assigning Stable Outlooks.

According to Fitch Ratings, rating actions in relation to a number of Russian banks undertaken on May 27, 2010, reflect the strengthening of certain aspects of Russia's banking system infrastructure during the global financial crisis, most notably in respect of banks ability to access liquidity, but also in regard to the establishment of more orderly procedures for management of bank failures. Fitch expects these changes to materially reduce default risk for all significantly-sized Russian banks going forward.