Standard & Poors Upgrades Sviaz-Bank to BB
OREANDA-NEWS. December 21, 2011. Standard & Poor's Ratings Services following their revised bank criteria raised the long-term rating on Sviaz-Bank to 'BB' from 'BB-' and the
Standard & Poor's bases its ratings on Sviaz-Bank the "bb" anchor for a commercial bank operating only in
Standard & Poor's also specifies that Sviaz-Bank possesses sufficient potential and if it demonstrates the sustainability of its business position in the short run it could trigger a positive rating action. Significant reduction in business concentrations, particularly in the loan book, would also be a potential positive rating factor, given that there are no negative implications for asset quality and funding stability.