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Fitch Withdraws Probusinessbank's Ratings Without Affirmation

December 22, 2014 | Fitch Ratings

19 December 2014: Fitch Ratings has withdrawn Russia-based Probusinessbank's (PBB) ratings without affirmation, as the agency believes it no longer has sufficient information to maintain them. Accordingly, Fitch will no longer provide ratings or analytical coverage for PBB.

Fitch placed PBB's ratings on Rating Watch Negative (RWN) on 22 October 2014. The rating action reflected Fitch's concerns about the liquidity of the bank's securities book, as well as uncertainty concerning the recent review of the bank by the Central Bank of Russia.

The following ratings have been withdrawn without affirmation:

Long-term foreign currency IDR: B/RWN
Long-term local currency IDR: B/RWN
Short-term IDR: 'B'/RWN
Viability Rating: 'b'/RWN'
Support Rating: 5
Support Rating Floor: No Floor
National Long-term rating: 'BBB(rus)'/RWN
Senior unsecured Long-term Rating: 'B-'/RR4;/RWN
Senior unsecured Short-term Rating: 'B';/RWN
Senior unsecured National Rating: 'BBB(rus)';/RWN

Company: Probusinessbank

Full company nameProbusinessbank
Country of riskRussia
Country of registrationRussia
IndustryBanks

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