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Prospect News home > News index > List of issuers O > Headlines for OJSC XALQ Bank > News item |
Fitch assigns BB- to Xalq Bank
Fitch Ratings said it gave a long-term foreign- and local-currency issuer default ratings of BB- to Xalq Bank.
In making the rating, Fitch considered the likelihood of government support in the event of distress. Xalq is heavily reliant on government investment and support, Fitch said.
The outlook is stable.
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