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Fitch Rates Russia's SDM-Bank 'B-'; Outlook Stable

16.12.2008


Fitch Ratings assigned JSC SDM-BANK ratings of Long-term foreign currency Issuer Default Rating (IDR) 'B-'(B minus), Short-term IDR 'B', Individual 'D/E', Support '5', National Long-term 'BB-(minus)(rus)' and Support Rating Floor 'No Floor'. The Outlooks for the Long-term IDR and National Long-term rating are both Stable.

Fitch Long-term foreign currency Issuer Default Rating 'B-' as well as RusRating rating “BB-“ (assigned in August 2007) are accepted by The Bank of Russia as ratings sufficient to extend to SDM-BANK 5 weeks loans without collateral.

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