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S&P upgrades VTB Bank (Georgia)
S&P said it raised its long-term issuer credit rating on VTB Bank (Georgia) to BB from BB-. The outlook is stable.
At the same time, S&P affirmed the B short-term issuer credit rating.
“We raised the rating on VTB Bank (Georgia) because we raised the long-term sovereign rating on Georgia,” S&P said in a news release.
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