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Research Update: Ural Bank For Reconstruction And Development Off CreditWatch Negative; Ratings Affirmed; Outlook Negative Sep 09 Product Image

Research Update: Ural Bank For Reconstruction And Development Off CreditWatch Negative; Ratings Affirmed; Outlook Negative Sep 09

  • Published: September 2009
  • Standard & Poors

Abstract
In our review of the CreditWatch placement, we were satisfied that Ural Bank for Reconstruction and Development has sufficient ability to withstand the pressure of anticipated higher asset quality problems at the current rating level. We are removing our 'B-' long-term counterparty credit and 'ruBBB-' Russia national scale ratings on Ural Bank for Reconstruction and Development from CreditWatch with negative implications and affirming them. We are affirming the 'C' short-term counterparty credit rating. The negative outlook reflects the bank's vulnerability to the ongoing difficult operating environment in Russia. On Sept. 11, 2009, Standard & Poor's Ratings Services removed its 'B-' long-term counterparty credit and 'ruBBB-' Russia national scale ratings on Ural Bank for Reconstruction and Development (UBRD) from CreditWatch with...

Companies mentioned in this report are: Ural Bank for Reconstruction and Development
Action: Affirmed
Action: Outlook: Negative
Action: Removed From CreditWatch

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Ural Bank for Reconstruction and Development

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