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Fitch affirms SDM-Bank rating

26.06.2012

International rating agency Fitch Ratings affirmed DM-Bank long term Issuer Default Rating («IDR») at «B» with Stable outlook, and National long term IDR at «BВB(rus)» with Stable outlook.

Fitch emphasized SDM-Bank high-quality assets, absence of capital market borrowed funds, and high profitability primarily supported by sound but cheap funding.

Fitch first rated SDM-Bank in December 2008, with foreign currency IDR at «B-(B minus)», Stable outlook.

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