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Russia-Based Bank Tavrichesky 'R' Ratings Withdrawn At Issuer's Request

March 24, 2015 | Standard & Poor's

On March 23, 2015, Standard & Poor's Ratings Services withdrew its 'R' long- and short-term counterparty credit ratings on Russia-based Bank Tavrichesky.
We also withdrew the 'R' Russia national scale rating on the bank.

We withdrew the ratings at Bank Tavrichesky's request. The withdrawal follows the announcement of The Central Bank of Russia and the Deposit Insurance
Agency on March 13, 2015, regarding their rehabilitation plan for Bank Tavrichesky.

We lowered the counterparty credit and national scale ratings on Bank Tavrichesky to 'R' on Feb. 18, 2015, to reflect the Central Bank of Russia's appointment of a temporary administration to Bank Tavrichesky (see "Russia-Based Bank Tavrichesky Downgraded To 'R' On Regulatory Intervention," published on RatingsDirect).

Company: Tavrichesky AKB

Full company name
Country of riskRussia
Country of registrationRussia
IndustryBanks

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