Analyst Research

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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: MarketLine (a Datamonitor Company)
Provider: Investcafe

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Fitch affirms and withdraws rating of AKB Bank Moskvy OAO

Friday, 31 Jan 2014 11:11am EST 

VTB Bank OAO:Fitch Ratings (Fitch) has affirmed and withdrawn the ratings of VTB Bank (VTB) and three of its subsidiaries, CJSC Bank VTB24 (VTB24), AKB Bank Moskvy OAO and VTB Leasing (VTBL), including their long-term Issuer Default Ratings (IDRs) of BBB- with Stable Outlooks.Fitch has withdrawn the ratings of VTB24, AKB Bank Moskvy OAO and VTBL as the issuers have chosen to stop participating in the rating process.At the same time, Fitch has decided to withdraw the ratings of VTB, which are uncompensated.Accordingly, Fitch will no longer provide ratings coverage for the four entities.Fitch downgraded the long-term IDRs of VTB, VTB24, BoM and VTBL to BBB- from BBB on Jan. 10, reflecting the agency's view of a marginally lower probability of government support for VTB than previously. 

Company Quote

-85.0 -8.63%
10:11am EST