(The following statement was released by the rating agency)
HONG KONG, November 23 (Fitch) Fitch Ratings has today
downgraded the Long-Term
Issuer Default Ratings (IDRs) on Mongolia-based Khan Bank LLC
and XacBank LLC to
'B-' from 'B' and their Viability Ratings (VR) to 'b-' from 'b'.
The Outlooks on
the banks' Long-Term IDRs are Stable.
At the same time Fitch has affirmed State Bank LLC's Long-Term
IDR at 'B-' with
Stable Outlook and its VR at 'b-'. A full list of rating actions
is at the
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