Yerevan/Mediamax/. International rating agency Fitch Ratings has affirmed and withdrawn the ratings of ACBA-CREDIT AGRICOLE BANK, including its Long-term Issuer Default Rating (IDR) of \'BB-\' with a Stable Outlook.

Fitch has withdrawn the ratings as bank has chosen to stop participating in the rating process, Mediamax was informed in rating agency

The following ratings have been affirmed and withdrawn:

Long-term IDR: affirmed at \'BB-\', Outlook Stable;
Short-term IDR: affirmed at \'B\';
Viability Rating: affirmed at \'b+\';
Support Rating: affirmed at \'3\'.

The last in ACBA-CREDIT AGRICOLE BANK\'s rating took place on December 6, 2011, when Fitch downgraded bank\'s Long-term Issuer Default Rating (IDR) to \'BB-\' from \'BB\'. The downgrade of ACBA\'s Long-term IDR reflected the agency\'s reassessment of the probability of support from its shareholder Credit Agricole S.A.