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Provider: Reuters Investment Profile

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Fitch Affirms AK BARS BANK OAO's Rating-Interfax

Monday, 19 Aug 2013 06:38am EDT 

Interfax reported that Fitch Ratings (Fitch) has affirmed AK BARS BANK OAO's (ABB) long-term issuer default rating (IDR) at BB-, the rating agency said in a press release. Fitch simultaneously affirmed the short-term foreign currency IDR at B, the national long-term rating at A+(rus) and the Support Rating at 3. The outlook for the long-term ratings is stable. The affirmation follows the upgrade of the Republic of Tatarstan (RT) to BBB from BBB- on August 1, 2013, Fitch said. 

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