OREANDA-NEWS. Fitch Ratings has withdrawn the 'BBB-(EXP)' rating assigned to Germany-based Akbank AG (AAG; BBB-/Stable) proposed EUR300m senior unsecured bond.

This action follows AAG's decision not to proceed with the proposed issue. AAG's Long- and Short-term Issuer Default Ratings of 'BBB-'/Stable/'F3' and Support Rating of '2' are unaffected by this action.