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Prospect News home > News index > List of issuers I > Headlines for International Industrial Bank CJSC > News item
Published on 7/7/2010 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Fitch drops International Industrial Bank to RD

Fitch Ratings said it downgraded International Industrial Bank's long-term foreign- and local-currency issuer default ratings to RD from C.

The downgrade follows nonpayment of its €200 million eurobond, which matured Tuesday, according to the agency. The bank is working on the restructuring terms to be presented to bondholders in the near term.


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