Expert RA Rating of Transstroybanka Raised to A
OREANDA-NEWS. December 7, 2011. rating agency "Expert RA" has raised credit rating Bank "Transstroybank" (CJCS) to A "high level of creditworthiness" rating outlook - is stable. Earlier, the Bank has acted rating of B + + "acceptable level of solvency," positive outlook.
"The upgrade Transstroybanka due to the growth of credit portfolio of corporate borrowers and reduced dependence on short-term bank funding" - says Christina Kir'yanova, deputy head of the ratings of credit institutions "Expert RA".
Limit the credit rating for the Bank of a high concentration of credit risk for major clients (large credit risks to assets, net of reserves amounted to 59.5% on 1/11/11) and a low level of profitability in 2011 (ROE = 3,7% for the 9 months of 2011).
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