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Fitch Withdraws Investment Company Russ-Invest's Ratings

February 06, 2012 | Fitch Ratings

Fitch Ratings-Moscow/London-03 February 2012: Fitch Ratings has withdrawn Russia-based Investment Company Russ-Invest's (ICRI) ratings, including its Long-term foreign currency Issuer Default Rating (IDR) at 'B'/Stable. A full list of ratings actions is at the end of this comment.

Fitch has withdrawn the ratings as the company has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, the agency will no longer provide ratings or analytical coverage of ICRI.

For a recent update on ICRI see "Fitch Affirms IC RUSS-INVEST at 'B'; Outlook Stable", dated 18 January 2012 at www.fitchratings.com

The rating actions are as follows:
Investment Company Russ-Invest:
Long-Term Foreign Currency IDR: 'B'/Stable; withdrawn
Short-Term Foreign Currency IDR: 'B'; withdrawn
National Long-Term Rating: 'BBB-(rus)'/Stable; withdrawn

Company: IC RUSS-INVEST

Full company namePublic Joint Stock Company "IINVESTMENT COMPANY IC RUSS-INVEST"
Country of riskRussia
Country of registrationRussia
IndustryFinancial institutions

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