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S&P Affirmed Khanty-Mansiysk Bank Otkritie 'B+/B' And 'ruA' Ratings Then Withdrawn Following Merger With Bank OFC

August 29, 2016 | Cbonds

Aug. 26, 2016 S&P Global Ratings today affirmed its 'B+/B' long- and short-term counterparty credit ratings and 'ruA' Russia national scale rating on Khanty-Mansiysk Bank Otkritie (KhMBO).

S&P subsequently withdrewn all the ratings at the bank's request. The outlook was negative at the time of the withdrawal.

The rating actions follow KhMBO's merger with Bank Otkritie Financial Co (Bank OFC). As of Aug. 22, 2016, KhMBO ceased to exist as a legal entity. S&P believes this purely internal reorganization is neutral to our ratings on KhMBO.

Company: Khanty-Mansiysk bank Otkritie

Full company namePublic Joint-Stock Company «Khanty-Mansiysk bank Otkritie»
Country of riskRussia
Country of registrationRussia
IndustryBanks

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