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Published on 6/17/2011 in the Prospect News Emerging Markets Daily.

Fitch affirms Rosbank

Fitch Ratings said it affirmed Rosbank's long-term foreign-currency issuer default rating at BBB+ with a positive outlook.

Rosbank's ratings are driven by potential support the bank may receive from its majority shareholder Societe Generale (A+/stable) and constrained by the Russian country ceiling of BBB+, the agency said.


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