Fitch affirms Locko-bank

Fitch Ratings said it affirmed Locko-bank's issuer default rating at B-, short-term rating at B, individual rating at D, support rating at 5 and national long-term rating at BB+(rus).

The outlook is stable.

The agency said the ratings reflect Locko-bank's small size by international standards, limited franchise, some business concentrations and modest core profitability.

The ratings also take into account the bank's currently good asset quality, reasonable capitalization and adequate liquidity, which is supported by improved access to capital, Fitch said.

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