Fitch Ratings on March 6 downgraded PJSC Uraltransbank's long-term issuer default ratings to CC from CCC and affirmed the short-term ratings at C.
The ratings were removed from Rating Watch Negative, where they were placed Nov. 14, 2017.
The agency affirmed the Russian bank's "f" viability rating, 5 support rating and No Floor support rating floor. All the ratings were subsequently withdrawn for commercial reasons.
At the time of withdrawal, the ratings reflected that the bank's capital position had become more weak since the last review. This increases the risk of potential regulatory intervention, Fitch noted.
