S&P ups DeltaCredit Bank

Standard & Poor's said it raised its long-term counterparty credit and certificate of deposit ratings on DeltaCredit Bank to B from B-.

At the same time, the Russia national-scale credit rating on the bank was raised to A-(ru) from BBB+(ru).

The C short-term counterparty credit and certificate of deposit ratings were also affirmed.

The outlook remains positive.

The actions reflect the bank's steady operating performance, cautious lending policy, improved profitability, continuously strong capitalization and good loan performance record, S&P said.

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