S&P rates Russian Commercial B-

Standard & Poor's said it assigned its B- long-term and C short-term counterparty credit ratings to Russian Commercial Bank Renaissance Capital, along with a ruBBB Russia national scale rating .

The outlook is stable.

The ratings reflect the bank's high credit risk, heavy reliance on confidence-sensitive external funding as a wholesale bank that is operationally yet to break even and short track record in the Russian consumer finance market, S&P said.

Positive rating factors include strong growth potential, an experienced management team and ongoing shareholder support, the agency added.

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