Fitch affirms International Industrial Bank

Fitch Ratings said it affirmed International Industrial Bank's long-term issuer default rating at B, short-term issuer default rating at B, individual rating at D, support rating at 5 and national long-term rating at BBB(rus). The support rating floor is affirmed at 'no floor'.

The outlook is stable.

The ratings reflect bank's limited, albeit growing, franchise, significant business concentrations and potentially vulnerable liquidity, Fitch said.

At the same time, the ratings also consider its strong capitalization, good profitability results and low loan impairment to date, the agency said.

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