New Rating Assigned to BPS - Bank Foreign Currency Deposit Ratings
OREANDA-NEWS. On October 22, 2007 authoritative international rating agency Moody's Investors Service has assigned to JSC "BPS - Bank" B2 long-term and Not Prime short-term foreign currency deposit ratings. Moody’s also affirmed the bank’s E+ bank financial strength rating (“BFSR”) and its Ba1/Not Prime long-term and short-term local currency deposit ratings. All of the bank’s ratings carry a stable outlook, reported the press-centre of BPS – Bank.
In accordance with the Agency’s press-release, assigned E+ BFSR, which translates to a Baseline Credit Assessment of B2, is underpinned by its leading market position as the country's fourth largest bank by assets, good financial indicators and asset quality.
The Bank’s B2 long-term foreign currency deposit rating is constrained by the B2 foreign currency deposit ceiling for Belarus and could be upgraded if this ceiling were to be upgraded.
The assigned ratings once more confirm affirmative results of activity and positive dynamic of development of JSC "BPS - Bank" and will contribute to further enhancement of its international business.
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