Fitch affirms Nomos

Fitch Ratings said it has affirmed Nomos-Bank's long-term issuer default rating at BB and revised the outlook to negative from stable.

Fitch said that the revision of the outlook on Nomos's long-term issuer default rating follows yesterday's announcement that three Russian shareholders, including Otkritie Financial Corp., have purchased a 26.5% stake in Nomos from the PPF group.

The negative outlook reflects the potentially negative implications of PPFs exit for Nomos's corporate governance and risk appetite, the agency noted.

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