​Kapital Bank OJSC not to extend deal with Fitch

Baku. 7 December. REPORT.AZ/ The contract of Kapital Bank with international rating agency Fitch has expired, and the bank has decided not to prolong the deal, Report was told in the press service of Kapital Bank.

The statement said that, Kapital Bank had signed a cooperation agreement with another rating agency - Standart & Poor's and would continue to cooperate with this agency.

The international rating agency Fitch affirmed the long-term credit rating in foreign currency Kapital Bank OJSC at the level of "BB-" from "stable" forecast. 

At the same time, the agency announced the suspension of the bank's assessment of future rating.