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Article: S&P removes Ural Bank for Reconstruction and Development from CreditWatch Negative.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 11, 2009
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S&P removes Ural Bank for Reconstruction and Development from CreditWatch Negative
MOSCOW. Sept 11 (Interfax) - Standard & Poor's Ratings Services has removed its 'B-' long-term counterparty credit and 'ruBBB-' Russia national scale ratings on Ural Bank for Reconstruction and Development (UBRD) from CreditWatch with negative implications and affirmed them, the agency said in a press release.
S&P is also affirming the 'C' short-term counterparty credit rating. The outlook is negative.
The ratings had been placed on CreditWatch with negative implications on June 17, 2009. Before the CreditWatch placement, the outlook was negative.
"The ...
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