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Fitch withdraws ratings of Russia-based SKB-Bank

Fitch Ratings on March 26 affirmed OAO AKB SKB-Bank's long- and short-term issuer default ratings at B-/B and subsequently withdrew the ratings for commercial reasons.

The long-term issuer default rating carried a stable outlook. The rating agency also affirmed and withdrew the Russian lender's "b-" viability rating, 5 support rating and No Floor support rating floor.