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Fitch to withdraw ratings of Shinhan Card

Fitch Ratings plans to withdraw the ratings of South Korea's Shinhan Card Co. Ltd. on or around Feb. 11.

The rating agency said the ratings will be withdrawn for commercial reasons. It currently rates Shinhan Card's long- and short-term foreign currency issuer default rating art A- and F1, respectively, with a negative outlook. It has a support rating of 1.