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Standard & Poor's raises Vneshtorgbank ratings

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MOSCOW, December 16 (RIA Novosti) -- International rating agency Standard and Poor's announced Friday that it had raised its long-term and short-term ratings on Russia's state-owned Vneshtorgbank from BBB- and A-3 to BBB and A-2, accordingly.

The outlook for the bank is stable, the agency said in a statement.

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