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Article: Rossiyskiy Kredit Bank's Long-term Rating Cut to 'B' by Fitch IBCA

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PR Newswire
Article date:
July 8, 1998
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Russia: Rossiyskiy Kredit Bank's Long-term Rating Downgraded to 'B,' 

 
  Removed from RatingAlert Negative

LONDON, July 8 /PRNewswire/ -- Fitch IBCA, the international rating agency, has downgraded Rossiyskiy Kredit Bank's Long-term rating from 'B+' to 'B' and removed it from RatingAlert negative. The bank's Short-term rating remains unchanged at 'B.'

Rossiyskiy Kredit Bank (RKB) was founded in 1990 and ranks among the top 10 Russian banks in terms of equity. By end-1997, it had re-registered as an open joint-stock (public limited) company, although its ownership continues to be closely held by a few individuals. Most of these ... 







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