OREANDA-NEWS. May 30, 2011. BANK URALSIB (Bank) (RTS: USBN) is pleased to announce that Standard & Poor’s has changed the outlook on the BANK URALSIB’s credit ratings from Negative to Stable.

On May 26, 2011, Standard & Poor’s affirmed the 'B+' long-term and 'B' short-term counterparty issuer credit ratings of BANK URALSIB. The outlook was improved from Negative to Stable.

According to the press release of Standard & Poor’s “URALSIB has decreased related-party exposure, while asset quality is demonstrating a positive trend. Liquidity tension has reduced and the bank enjoys a lower reliance on wholesale funding than peers, - according to the press release of Standard & Poor’s. The stable outlook reflects the stabilizing operating environment and our expectations that the bank's credit profile, liquidity, and profitability will be maintained at adequate levels”.