Fitch recalls Bank Technique’s rating

Fitch recalls Bank Technique’s rating
# 24 July 2015 09:31 (UTC +04:00)

According to Agency, the bank is not interested in participation in the process of rating: “Therefore, the ratings have been recalled. The Agency has not access to necessary information to support bank’s ratings”.

Fitch said that BT’s ’B-’ Issuer Default Rating is driven by its weak capitalisation and asset quality.

On March 10, 2015 Fitch placed BT’s ratings on Rating Watch Negative (RWN), reflecting the bank’s breach of regulatory capital adequacy ratios as a result of the Azerbaijani manat devaluation.

#
#

THE OPERATION IS BEING PERFORMED