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S&P withdraws ratings Sumitomo Mitsui's Russian unit

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S&P withdraws ratings Sumitomo Mitsui's Russian unit

Standard & Poor's Ratings Services on April 4 withdrewits ratings on Sumitomo MitsuiFinancial Group Inc.'s JSC Sumitomo Mitsui Rus Bank at the Russia-based unit'srequest.

Prior to the withdrawal, the rating agency affirmed theRussian unit's BB+/B long- and short-term counterparty credit ratings, with anegative outlook, and its ruAA+ Russia national scale rating.

S&P Ratings andGlobal Market Intelligence are owned by McGraw Hill Financial Inc.