RusRating confirmed the rating of SKB-Bank’s 01 ruble bond issue at BB-, Stable Outlook. All in all, the agency rated the securities of nineteen Russian banks (including three Ural ones), SKB-Bank’s press officer said to UrBC.

RusRating reports the rating given to the bank’s bond issue was based on SKB-Bank’s credit rating, the lack of factors that could either enhance or minimize the risks, and the relatively unfelt influence the bonds have on the bank’s general cash flow and financial activity.

According to the agency’s top executives, the ruble bond market is likely to develop very dynamically provided it is capable of meeting the country’s needs; a healthy economy needs a developed and liquid securities market with prevailing national currency, and ratings can promote the development of such a market well.