S&P affirms ratings of Tatfondbank at D/D and revokes them

Global rating agency Standard & Poor's (S&P) has affirmed the long- and short-term ratings of Tatfondbank at D/D and revoked them on the bank’s request, the agency said in a statement on Thursday. S&P has also affirmed the national scale rating at D and revoked it as well. “At the moment of revocation our ratings reflected Tatfondbank’s inability to carry out its obligations in full and on time,” the agency said.

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