S&P raised the rating of the Bank “Russian standard”

S&P raised the rating of the Bank “Russian standard”

Long-term rating of the Bank in foreign currency upgraded to “CCC+” from “CCC-“, is spoken in the message of rating Agency.

MOSCOW, 29 Oct. International rating Agency Standard & Poor’s upgraded long-term credit rating in foreign and national currencies of the Bank “Russian standard” to “CCC+” from “CCC-“, the Agency said.

The rating Outlook remains at negative level. At the same time was upgraded long-term rating on the national scale c “ruCCC-to givv-“.

The Agency notes that the rating upgrade reflects the successful restructuring of the two new releases of Eurobonds on 350 and $ 200 million maturing in 2020 and 2024, respectively.

According to RIA rating, the Bank “Russian standard”, controlled by businessman Rustam, Tariko, took 20-th place among Russian banks by assets as of July 1, 2015.