Renaissance Capital ratings affirmed on transfer of asset management ops - Fitch |
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Tue, 05 Jun 2007 11:43
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MUMBAI (Thomson Financial) - Fitch Ratings affirmed the issuer default ratings of Renaissance Capital Holdings Ltd at 'BB-' with a stable outlook, after the group said it plans to transfer its Renaissance Investment Management business to its shareholder Renaissance Holding Management Ltd.The ratings agency also affirmed the Russian and Ukrainian investment bank's short-term ratings at 'B', individual at 'C/D' and support ratings at '5'. The support ratings floor remains at 'No Floor', Fitch said.Fitch said the sale would have only a small impact on the group's operating cash flow and would not materially alter its risk profile.TFN.newsdesk@thomson.comvsr/vsr/jroCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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RPT ING Group's ratings affirmed on share buyback - Fitch 