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S&P withdraws ratings on Russia's VTB Leasing, core unit

S&P Global Ratings said March 1 that it withdrew the BB+/B long- and short-term issuer credit ratings of Russia's VTB Leasing JSC and core unit VTB Leasing Finance OJSC.

The agency said the outlook at the time of the action was stable. S&P also withdrew the BB+ ratings of the bonds issued by VTB Leasing Finance.

VTB Leasing is a unit of JSC VTB Bank.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.