Fitch Withdraws Krayinvestbank's Ratings
June 2, 2015 Fitch Ratings
02 June 2015: Fitch Ratings has withdrawn Russia-based Krayinvestbank's (KIB) ratings without affirmation.
Fitch is withdrawing KIB's ratings due to the recent withdrawal of the ratings of the bank's main shareholder, Krasnodar Region (see 'Fitch Withdraws Krasnodar Region's Ratings', dated 29 May 2015 at www.fitchratings.com). Following the withdrawal of Krasnodar Region's ratings, Fitch is no longer able to reliably assess the region's ability to provide support to KIB, and hence no longer has sufficient information to maintain the bank's ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for KIB.
The following ratings have been withdrawn without affirmation:
Long-term foreign and local currency IDRs: 'B' with Stable Outlook
Short-term foreign currency IDR: 'B'
National Long-term rating: 'BBB-(rus)' with Stable Outlook
Viability Rating: 'b-'
Support Rating: '4'
Senior unsecured debt: 'B'/'BBB-(rus)/'RR4'
Company — Krayinvestbank