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BRIEF-Fitch says Otkritie an important test of Russia's bank clean-up​
September 1, 2017 / 10:19 AM / 3 months ago

BRIEF-Fitch says Otkritie an important test of Russia's bank clean-up​

Sept 1 (Reuters) - Fitch Ratings:

* Fitch says Otkritie is an important test of Russia’s bank clean-up​

* Says do not think cost of Otkritie intervention will materially affect sovereign balance sheet

* Fitch on Otkritie - progress in cleaning up banking system, creating robust framework important in reducing reliance on direct sovereign support

* Says Russian authorities’ approach to supporting Otkritie Bank reflects its systematically important status

* Says Russian authorities’ approach to supporting Otkritie Bank does not necessarily set a precedent for treatment of bank creditors in bailouts​ Source text for Eikon:

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