Wednesday, June 1, 2011

Fitch Affirms Raiffeisenbank at A-, outlook - Negative

Fitch Ratings affirmed the long-term issuer default rating in foreign currency Raiffeisenbank at "A-" to "Negative" outlook. Positively affect the ranking of the possibility of potential support from Raiffeisen Zentralbank Oesterreich, third largest bank in Austria and the central element in the structure of the banking group Raiffeisen. According to Fitch, taking into account the capacity and willingness to provide support to RZB Bank, there is an extremely high probability of obtaining such support if necessary. The Negative Outlook reflects the possibility of reducing Russia's sovereign rating.

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