01.05.2009 /Bank's Ratings
 Fitch Ratings affirmed the ratings of B&N Bank
Fitch Ratings affirmed the ratings of B&N Bank International rating agency Fitch Ratings made the following rating actions: - Long-term foreign currency IDR: affirmed at ‘B-’(B minus); Outlook Stable - Senior unsecured debt: affirmed at ‘B-’(B minus); Recovery Rating at ‘RR4’ - Short-term foreign currency IDR: affirmed at 'B' - Individual Rating: downgraded to ‘D/E’ from 'D' - Support Rating: affirmed at '5' - Support Rating Floor: affirmed at 'No Floor' - National Long-term Rating: affirmed at 'BB(rus) '; Outlook Stable According to comments of the Agency, Stable Outlook of B&N Bank reflects the bank’s reasonable capitalization and loss absorption capacity, acceptable liquidity position and management’s track record of managing the bank through previous crises. However, due to impairment of the retail book, which is not unusual for other Russian banks in the current market conditions, individual rating of the Bank was downgraded from "D" to "D/E", bringing this rating into line with those of other ‘B-’ (B minus)-rated Russian banks.
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