Tweet
RIA OREANDA
Economic News
November 11, 2006 Saturday
Fitch Assigns VTB Bank (Armenia) Local Currency Ratings
Moscow. OREANDA-NEWS. Fitch Ratings has today assigned VTB Bank
(Armenia) ("VTBA") local currency ratings of Issuer Default 'BB' and
Short-term 'B'. The Outlook is Stable.
The assigned ratings are aligned with the bank's foreign currency
Issuer Default 'BB' and Short-term 'B' ratings.
The local currency ratings reflect the moderate probability of
support being forthcoming, if required, from VTBA's majority
shareholder, Russia's Vneshtorgbank ("VTB", Issuer Default 'BBB+'),
but also take into account Armenian country risks.
Economic News
November 11, 2006 Saturday
Fitch Assigns VTB Bank (Armenia) Local Currency Ratings
Moscow. OREANDA-NEWS. Fitch Ratings has today assigned VTB Bank
(Armenia) ("VTBA") local currency ratings of Issuer Default 'BB' and
Short-term 'B'. The Outlook is Stable.
The assigned ratings are aligned with the bank's foreign currency
Issuer Default 'BB' and Short-term 'B' ratings.
The local currency ratings reflect the moderate probability of
support being forthcoming, if required, from VTBA's majority
shareholder, Russia's Vneshtorgbank ("VTB", Issuer Default 'BBB+'),
but also take into account Armenian country risks.