Fitch gives Troika Dialog B+ foreign currency

Fitch Ratings said it has assigned Troika Dialog Group Ltd. a long-term foreign currency issuer default rating of B+ with a stable outlook.

The agency said it has simultaneously downgraded ZAO Standard Bank's long-term foreign currency issuer default rating to B+ from BBB, while assigning a stable outlook, and affirmed its individual rating at D/E, while removing it from rating watch evolving, following the completion of its acquisition by Troika Dialog, the agency added.

According to Fitch, the ratings assigned to Troika Dialog reflect its good investment-banking franchise in Russia, currently low leverage, experienced management team and its good risk management.

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