The international credit rating agency STANDARD & POOR’S has upgraded VTB24’s long-term credit rating from ’BBB’ to ’BBB+’, the VTB24 press service has reported. The national scale rating was raised from ’ruAA+’ to ’ruAAA’. The short-term counterparty credit rating was confirmed at ’A2’. The outlook is ’stable’. The upgrade was due to corresponding upgrades for the parent bank, VTB.
Source: WWW.NOVECON.RU, October 26, 2006
