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Fitch rates Credit Bank of Moscow notes BB+(rus)
Fitch Ratings said it assigned Credit Bank of Moscow's Russian ruble 500 million bond due April 2006 a final national long-term BB+(rus) rating.
The bank was established in 1992. Since 1995 it has formed part of a group owned by Rossium Concern, which also includes investment, industrial, agricultural, trade and construction companies.
The group is ultimately owned by one individual, prompting some corporate governance and succession concerns, Fitch said.
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