NRA withdraws Ankor Bank rating

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National Rating Agency (NRA) has withdrawn its credit rating on Kazan-based Ankor Bank due to the expiration of the rating agreement and the bank's refusal to keep it up to date in the future. As the agency specified in a press release on its website, the agency withdrew the bank's rating without affirming it as the agency did not receive sufficient information to apply its methodology.

The credit rating of BBB-, with a stable outlook, was first assigned to the bank on December 14, 2015. The latest rating action was taken on December 16, 2016 when the rating was affirmed, with a negative outlook.