OREANDA-NEWS. September 28, 2010. Standard & Poor's Rating Agency has confirmed ratings, earlier assigned to RBD. According to the agency’s credit opinion the long-term and short-term foreign currency rating is preserved at ВВВ/А-3, long-term and short-term local currency rating is ВВВ+/А-2. All ratings assigned to the Bank have outlook stable, reported the press-centre of RBD.

“As far as we consider RBD to be the key company of the state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” – owner of 100% of its shares, we equal ratings of RBD to VEB’s ratings. Moreover there is a high possibility of urgent support to RBD from the ultimate owner – the Russian Federation…

According to our criteria applied to the organizations connected with the state, our opinion on the high possibility of the government support is based on our assessment of this bank as a critical agent in implementation of the government policy of SME development having an inextricable connection with the Russian Federation. We believe that the government will dominate in the RBD’s ownership breakdown and strictly control its business and financial plans in the near 5-10 years”, noted in the credit opinion of the international rating agency S&P.