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FITCH WITHDRAWS RATINGS OF RUSSIA’S CONVERSBANK

August 21, 2008 | Cbonds

Fitch Ratings has today withdrawn Russia-based Conversbank CJSC’s (Conversbank) ratings of Long-term Issuer Default (IDR) ‘CCC’/Stable Outlook, Short-term IDR ‘C’, Individual ‘D/E’, Support ‘5’, National Long-term ‘B+(rus)’/Stable Outlook and Support Rating Floor ‘No Floor’.
The rating withdrawal follows the termination of the banking licence of Conversbank following the bank’s merger (together with two other local banks) into Russian Investbank.

Company: CONVERSBANK

Full company nameConversbank
Country of riskRussia
IndustryBanks

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