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S&P withdraws Aljba Alliance ratings

S&P Global Ratings on Oct. 3 affirmed certain ratings and subsequently withdrew them at the lender's request.

The agency affirmed the bank's long- and short-termcounterparty credit ratings at B and its Russia national scale ratings at"ruBBB+".

S&P also affirmed Aljba Alliance's long- and short-termcounterparty credit ratings of the bank's subsidiary, S.L. Capital ServicesLtd., at B.

At the time of withdrawal, the outlooks on both entitieswere negative.

In S&P's view, Aljba Alliance's business prospectsremain vulnerable in the unfavorable economic environment in Russia. The agencynoted that the bank faced large deposit outflows and a shrinking loan portfoliosince the beginning of 2016.

S&P Global Ratings and S&P Global MarketIntelligence are owned by S&P Global Inc.