S&P: Ratings On PJSC Tatfondbank Lowered To 'CCC-/C' On Liquidity Concerns, Placed On CreditWatch Negative

S&P Global Ratings said today that it lowered its long- and short-term counterparty credit ratings on PJSC Tatfondbank to 'CCC-/C' from 'B/B' and placed them on CreditWatch with negative implications. S&P also lowered our Russia national scale ratings on Tatfondbank to ‘ruCCC-’ from 'ruBBB+' and placed them on CreditWatch negative. At the same time, S&P lowered our ratings on Tatfondbank's senior unsecured obligations to 'CCC-' and placed them on CreditWatch negative.

• Full name
  Public Joint Stock Company "Joint stock investment commersial Bank "Tatfondbank" PJSC "Tatfondbank"
• Registration country
  Russia
• Industry
  Banks