OREANDA-NEWS. April 15, 2011. RusRating has cancelled the credit rating of Moscow region-based Sotsgorbank (Open Joint-stock Company Commercial Bank "SOTSYALNIY GORODSKOY BANK") – “CCC” with a negative outlook – following the expiration of its rating contract.

RusRating has in turn expressed its appreciation to Sotsgorbank management for a fruitful past partnership.

ZAO RusRating is an independent rating agency accredited by the Ministry of Finance of the Russian Federation. The company, which was set up in 2001, is a member of the GlobalRating group. Its primary services are the provision of credit ratings to banks and industrial firms plus their bonds; it also provides analysis of various aspects of the Russian financial sector.