S&P: Web-invest Bank up to positive

Standard & Poor's said it revised its outlook on Web-invest Bank to positive from stable, reflecting the bank's improved franchise diversification, steady growth and stable management.

At the same time, S&P affirmed its CCC long-term and C short-term counterparty credit ratings on the bank.

S&P said the ratings on Web-invest Bank reflect its limited size and track record, highly concentrated assets, fairly tight capitalization and dependence on Russian equities trading volumes.

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