Fitch affirms Rosbank

Fitch Ratings said it has affirmed Rosbank's long-term issuer default ratings at BBB+ with a stable outlook, upgraded the bank's viability rating to BB from BB- and removed it from rating watch positive.

The agency said it also assigned Rusfinance Bank a long-term issuer default rating of BBB+ with a stable outlook.

The banks' issuer default ratings and support ratings are driven by potential support the banks may receive from their ultimate parent, Societe Generale (A+/negative) and constrained by the Russian country ceiling of BBB+, Fitch noted.

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