Fitch: Impexbank on positive watch

Fitch Ratings said it placed Impexbank's long-term B-, short-term B and support 5 ratings on Rating Watch positive.

Impexbank's individual rating is D/E, the agency said.

Fitch noted the positive watch follows the announcement that Raiffeisen International Bank-Holding AG has concluded a share purchase agreement with Impexbank's shareholders to acquire a 100% stake in the bank and the watch reflects the strong ability of RIBH to provide support to Impexbank should it become the bank's owner.

Fitch said it will resolve the watch upon completion of the acquisition and the agency's discussion with RIBH on its strategy with respect to Impex.

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