15.11.2007

Fitch changed the outlook of the Bank’s rating to “Positive”

Fitch Ratings changed the outlook of their long-term issuer’s default rating for Bank "Saint Petersburg", Russia, from Stable to Positive. According to Fitch, the change of the outlook from Stable to Positive was caused, first of all, by the recent increase of the Bank’s capital. At the same time the Agency confirmed the following Bank’s ratings: the long-term issuer’s default rating "B", the short-term issuer’s default rating "B", the individual rating "D", the support rating "5" and the level of support of the long-term issuer’s default rating "no level of support".