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Fitch withdraws ratings of Azerbaijan-based Pasha Bank

Fitch Ratings on May 28 affirmed and subsequently withdrew Pasha Bank OJSC's B+/B long- and short-term issuer default ratings, citing commercial reasons.

The outlook on the long-term rating was stable prior to withdrawal. The agency also affirmed and withdrew the Azeri bank's "b+" viability rating, 5 support rating and No Floor support rating floor.