Alfa-Bank announced on Thursday that its long term credit rating was affirmed by Standard & Poor's at BB+ with a stable outlook.
The bank received a stable rating on Tuesday despite Russia's sovereign rating being revised to negative.
Alfa-Bank's systemic importance level was also raised by S&P to high.
S&P increased Alfa-Bank's probability of needing government support as well, citing increased market shares, a vast client base and the bank's critical role in the Russian payment system.
Alfa-Bank said that it offers a high level of liquidity, capitalization and asset quality. The bank's BB+ rating puts it among Russia's most sustainable banks.
Alfa-Bank is Russia's largest private bank in terms of total assets, customer accounts, total equity and loan portfolio.
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