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Standard & Poor's: Russian SME Bank Downgraded To 'BB-' Due To Ownership Change; Outlook Negative

February 18, 2016 | Cbonds

Standard & Poor's Ratings Services today lowered its foreign and local currency long-term issuer credit ratings on SME Bank to 'BB-' from 'BB+' and 'BBB-', respectively. The outlook is negative. We also affirmed the 'B' foreign currency short-term rating on the bank and lowered the local currency short-term rating to 'B' from 'A-3'.

At the same time, Standard & Poor's lowered our rating on its senior unsecured notes to 'BB-' from 'BBB-'.

Company: SMP Bank

Full company nameSMP Bank
Country of riskRussia
Country of registrationRussia
IndustryBanks

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