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Fitch withdraws Sovcombank bond rating
Fitch Ratings said it withdrew the expected BB+ rating for PJSC Sovcombank's (SCB) dollar-denominated senior unsecured eurobonds.
“We do not expect this senior debt issue to proceed as previously envisaged. The bonds were expected to be issued by SCB's Ireland-based SPV, Sovcom Capital DAC, which was expected to on-lend the proceeds to SCB,” Fitch said in a press release.
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