Fitch assigns Tinkoff B-, BB-(rus)

Fitch Ratings said it assigned Tinkoff Credit Systems a long-term local currency issuer default rating of B- and a national long-term rating of BB-(rus), both with stable outlooks.

Simultaneously, Fitch said it has assigned the bank's RUB 1.4 billion senior unsecured three-year bonds a long-term rating of B-, a national long-term rating of BB-(rus) and a recovery rating of RR4.

TCS Bank's other ratings are long-term foreign currency issuer default rating B-/stable outlook, short-term issuer default rating B, individual D/E, support five and support rating floor No Floor, the agency said.

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