trending Market Intelligence /marketintelligence/en/news-insights/trending/okugsnfqg9okzcnjgbfm8w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Fitch places AK Bars Bank on Rating Watch Negative

South Korean Multichannel Industry To Survive With Right Strategies

South Korean Telcos Drive Next Wave Of Growth Through Home IoT Opportunities

Mining Exploration Insights: Financing Falls To 8-Month Low In October

Taking Advantage of Issuance Trends in 2020


Fitch places AK Bars Bank on Rating Watch Negative

Fitch Ratings on Dec. 19 placed PAO AK Bars Bank's BB- long-term foreign- and local-currency issuer default ratings on Rating Watch Negative.

The rating agency also placed the bank's A+(rus) national long-term rating and support rating of 3 on Rating Watch Negative and affirmed its short-term foreign-currency issuer default rating at B.

The Rating Watch Negative reflects the possibility of a downward revision of Fitch's assessment on the Russian Republic of Tatarstan's ability and inclination to support the bank.

The possible downward revision is in turn driven by the recent default of PJSC Tatfondbank, in which Tatarstan owns a significant stake, the potential for greater regulatory scrutiny and the possibility that the Russian republic uses its resources to partially resolve problems at Tatfondbank.