Fitch agency cuts PASHA Bank’s rating

Baku. 27 May. REPORT.AZ/ Fitch Ratings has downgraded Azerbaijan-based PASHA Bank's (PB) Long-Term Issuer-Default Rating (IDR) to 'B+' from 'BB-'.

Report informs referring to the agency's website.

Fitch has also downgraded the National Long-Term Rating of PB's Turkish subsidiary, Pasha Yatirim Bankasi A.S. (PBTR), to 'BBB+(tur)' from 'A(tur)'. The Outlooks on both ratings have been revised to Stable from Negative.