OREANDA-NEWS. RusRating has changed the outlook on JSC Bank Uralsib’s credit rating from “stable” to “negative”. The rating itself is unchanged at “AA-” on the national scale and “BBB-” on the international scale.

According to the agency, the negative outlook is based on the possibility of a fall in market share; above-average sensitivity to both credit and market risks coupled with a low capital base; declining managerial effectiveness; and a possible decline in the support available from the Bank’s owner.

The rating itself is based on the Bank’s national presence and system-critical role in Bashkortostan; a stable client base that includes several major companies; well-developed ties in the financial markets; and an established market presence and infrastructure.

Constraining factors include the risk of a decline in its owner’s capacity to provide support even as he remains critical to the Bank’s development prospects and management processes; above-average credit risks and sensitivity to financial market conditions; and declining competitiveness.