Fitch affirms International Industrial Bank

Fitch Ratings said it has affirmed International Industrial Bank's ratings at long-term issuer default B, short-term issuer default rating B, individual D, support five and national long-term BBB(rus).

The support rating floor is also affirmed at No Floor, the agency said, adding that the outlooks for the long-term issuer default rating and national long-term rating are stable.

Fitch noted that the ratings reflect the bank's limited franchise and high business concentrations, including with related parties, weaknesses in the bank's funding profile and tight liquidity position.

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