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Fitch keeps Credit Europe Bank on watch
Fitch Ratings said it maintained Credit Europe Bank NV's (CEB) BB- long-term issuer default rating, bb- viability rating and B+ long-term subordinated debt rating on rating watch positive (RWP).
The agency also maintained the support rating of 4 on Russian subsidiary Credit Europe Bank (CEBR) on rating watch negative (RWN).
Fitch said the maintenance of the reviews reflects the ongoing process of transferring the ownership of CEBR to a different entity within its ultimate shareholder's group, Fiba Group. The agency understands from management that CEB and CEBR are still awaiting all necessary regulatory approvals.
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