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S&P withdraws Peresvet Bank's ratings

S&P Global Ratings on March 30 affirmed the D/D long- and short-term counterparty credit ratings of JSCB for Charity and Spiritual Dev of Fatherland PERESVET, as well as its D Russia national scale and senior unsecured debt ratings.

The rating agency subsequently withdrew all the ratings at the bank's request. At the time of the withdrawal, the lender's ratings reflected its inability to settle its financial obligations on time and in full, S&P said.

S&P previously lowered the bank's ratings on Oct. 24, 2016, after the Russian central bank placed the lender under provisional administration and imposed a payment moratorium due to Peresvet's inability to meet creditors' claims for more than seven days.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.