S&P keeps Bank Otkritie on watch

Standard & Poor's said it maintained the CreditWatch with negative implications on Bank Otkritie Financial Co.’s BB- long-term counterparty credit ratings and its ruAA- Russia national scale ratings.

The ratings were initially put on CreditWatch on Feb. 27.

At the same time, the agency affirmed its B short-term rating on the bank.

S&P said the CreditWatch reflects its view of the uncertainties bank OFC continues to face regarding the integration of recently rescued Trust Bank into the Otkritie Holding group.

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