Fitch Downgrades Kedr's Viability Rating to 'f'; Withdraws Ratings

April 9, 2015 1:48 PM

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(The following statement was released by the rating agency) MOSCOW, April 09 (Fitch) Fitch Ratings has downgraded Russia-based JSC CB Kedr's Viability Rating (VR) to 'f' from 'b-' and removed it from RWN.

The bank's other ratings, including its Long-term Issuer Default Ratings (IDRs) of 'B-''/Rating Watch Negative (RWN), were unaffected by this action. At the same time, Fitch has withdrawn Kedr's ratings as the bank has chosen to stop participating in the rating process. Therefore, Fitch will no long...

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