Azerbaijan, Baku, Jan.26 / Trend N.Ismayilova /
International Rating Agency Fitch Ratings has withdrawn its individual ratings on 887 financial institutions, including seven Azerbaijani banks, the agency's website reported.
The following individual ratings of Azerbaijani banks are withdrawn:
|
AGBank |
Individual Rating |
D/E |
|
AccessBank |
Individual Rating |
D |
|
Demirbank OJSC |
Individual Rating |
D/E |
|
International Bank of Azerbaijan |
Individual Rating |
E |
|
Kapital Bank |
Individual Rating |
D/E |
|
Technikabank |
Individual Rating |
D/E |
|
Unibank Commercial Bank |
Individual Rating |
D/E |
This action follows the introduction on 20 July 2011 of Viability Ratings, which represent Fitch's primary assessment of the intrinsic creditworthiness of financial institutions. The two rating scales had been maintained in parallel in order to facilitate an orderly transition to Viability Ratings from Individual Ratings.