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. Last Updated: 07/27/2016

Uneximbank Rating

MOSCOW -- Fitch IBCA has downgraded the long-term rating of one of Russia's largest banks, Uneximbank, to B+ from BB- and removed it from RatingAlert negative, the agency said Thursday.

Fitch IBCA also affirmed Uneximbank's short-term rating of B, the agency said in a statement.

"The downgrading of Uneximbank's long-term rating reflects Fitch IBCA's concerns about the possible need for additional loan loss reserves and continuing pressure on the bank's profitability," the statement said.