Fitch affirms Kapital Bank’s rating

Baku: Fitch Rating Agency affirmed Kapital Bank’s rating of Long-term foreign currency IDR at ’BB-’ with Stable Outlook, short-term foreign currency IDR at “B”.

According to Agency, it has withdrawn KB’s ratings as the issuer has chosen to stop participating in the rating process, and will no longer provide ratings or analytical coverage for KB.

SOURCE: AZERI-PRESS NEWS AGENCY