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Published on 3/5/2010 in the Prospect News Emerging Markets Daily.

Fitch: Changes for Russia banks

Fitch Ratings said it placed 13 privately owned Russian banks on Rating Watch positive, placed 14 banks and one leasing company on Rating Watch evolving and revised the Rating Watch on one bank to evolving from negative.

The actions reflect the potential for future upgrades following the better-than-expected performance of the Russian banking sector during the global economic crisis, Fitch said.

OJSC Alfa-Bank's long-term issuer default rating of BB- was placed on Rating Watch positive, along with its senior unsecured debt of BB-, subordinated debt of B+, short-term issuer default rating of B and national long-term rating of A+(rus).

MDM Bank's long-term foreign- and local-currency issuer default rating of BB- was placed on Rating Watch positive, along with its senior unsecured debt of BB-, subordinated debt of B+ and national long-term rating of A+(rus). Its short-term issuer default rating was affirmed at B.

Nomos Bank's long-term issuer default rating of B+ was placed on Rating Watch positive, along with its senior unsecured debt of B+ with recovery rating of RR4, subordinated debt of B- with recovery rating of RR6 and national long-term rating of A(rus). Its short-term issuer default rating was affirmed at B.

Promsvyazbank's long-term issuer default rating of B+ was placed on Rating Watch evolving, along with its senior unsecured debt of B+ with recovery rating of RR4 and subordinated debt of B- with recovery rating of RR6. The short-term issuer default rating was affirmed at B.

JSC Russian Standard Bank's long-term issuer default rating of B+ was placed on Rating Watch evolving, along with its senior unsecured debt of B+. Its short-term issuer default rating was affirmed at B.

Bank Uralsib's long-term issuer default rating of B+ was placed on Rating Watch evolving. Its short-term issuer default rating was affirmed at B.

Uralsib Leasing Group's long-term foreign- and local-currency issuer default rating of B+ was placed on Rating Watch evolving. Its short-term issuer default rating was affirmed at B.

Bank Zenit's long-term issuer default rating of B+ was placed on Rating Watch evolving, along with its national long-term rating of A-(rus). Its short-term issuer default rating was affirmed at B.

Evrofinance Mosnarbank's long-term foreign-currency issuer default rating of B was placed on Rating Watch positive, along with its national long-term rating of BBB(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

International Industrial Bank's long-term foreign-currency issuer default rating of B was placed on Rating Watch positive, along with its senior unsecured debt of B with recovery rating of RR4 and national long-term rating of BBB(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

National Reserve Bank's long-term foreign-currency issuer default rating of B was placed on Rating Watch positive, along with its national long-term rating of BBB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

Rosevrobank's long-term foreign-currency issuer default rating of B was placed on Rating Watch positive, along with its national long-term rating of BBB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

Credit Bank of Moscow's long-term foreign-currency issuer default rating of B was placed on Rating Watch evolving, along with its national long-term rating of BBB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

Locko-bank's long-term foreign- and local-currency issuer default rating of B was placed on Rating Watch evolving, along with its national long-term rating of BBB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

CentroCredit Bank's long-term foreign-currency issuer default rating of B- was placed on Rating Watch positive, along with its national long-term rating of BB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

Chelindbank's long-term issuer default rating of B- was placed on Rating Watch positive, along with its national long-term rating of BB(rus). Its short-term issuer default rating was affirmed at B.

Petersburg Social Commercial Bank's long-term issuer default rating of B- was placed on Rating Watch positive, along with its national long-term rating of BB-(rus). Its short-term issuer default rating was affirmed at B.

Bank Rossiya's long-term issuer default rating of B- was placed on Rating Watch positive, along with national long-term rating of BB-(rus). Its short-term issuer default rating was affirmed at B.

Russian Universal Bank's long-term foreign-currency issuer default rating of B- was placed on Rating Watch positive, along with its national long-term rating of BB(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

JSC SDM-Bank's long-term foreign-currency issuer default rating of B- was placed on Rating Watch positive, along with its national long-term rating of BB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

Central Commercial Bank Ltd.'s long-term foreign-currency issuer default rating of B- was placed on Rating Watch evolving, along with its national long-term rating of BB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B.

International Bank of Saint Petersburg's long-term issuer default rating of B- was placed on Rating Watch evolving, along with its national long-term rating of BB-(rus). Its short-term issuer default rating was affirmed at B.

Primsotsbank's long-term issuer default rating of B- was placed on Rating Watch evolving, along with its national long-term rating of BB(rus). Its short-term issuer default rating was affirmed at B.

SKB-Bank's long-term issuer default rating of B- was placed on Rating Watch evolving. Its short-term issuer default rating was affirmed at B.

Bank Snezhinskiy PJSC's long-term issuer default rating of B- was placed on Rating Watch evolving. Its short-term issuer default rating was affirmed at B.

JSC Spurt Bank's long-term issuer default rating of B- was placed on Rating Watch evolving, along with its national long-term rating of BB-(rus). Its short-term rating was affirmed at B.

Uraltransbank's long-term issuer default rating of B- was placed on Rating Watch evolving, along with its national long-term rating of BB(rus). Its short-term issuer default rating was affirmed at B.

Probusinessbank's long-term foreign- and local-currency issuer default rating of B- had its Rating Watch revised to evolving from negative, along with its senior unsecured debt of B- with recovery rating at RR4 and national long-term rating of BB-(rus). Its short-term foreign-currency issuer default rating was affirmed at B and removed from Rating Watch negative.

JSC Bank BTA-Kazan OJSC's long-term issuer default rating of CCC was placed on Rating Watch evolving, along with national long-term rating of B(rus). Its short-term issuer default rating of C was placed on Rating Watch positive.


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