Fitch affirms Probusinessbank

Fitch Ratings said it affirmed Probusinessbank's long-term issuer default rating at B- but downgraded its individual rating to D/E from D and national long-term ratings BB(rus) from BB+(rus).

The outlook on long-term ratings remains stable.

Ratings reflect potentially vulnerable liquidity position and deteriorating asset quality in a currently challenging operating environment, the agency said.

Ratings are supported by a broad franchise, reasonable capital ratios, access to government funding and improved corporate governance, the agency noted.

The downgrade of individual and national long-term ratings reflect Fitch's view that the issuer now sits more in the middle of the B- rating category, according to the agency.

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