Director of the financial department of VTB Bank Armenia Yuri Gusev said that the bank suspended cooperation with Fitch Ratings, which has affirmed and withdrawn the ratings of VTBA, including its Long-term Issuer Default ratings (IDR) at 'BB'.

“In compliance with VTB Group’s new strategy, the bank is not seeking outlet to international markets yet. Thus, decision was taken to suspend cooperation with Fitch,” he said.