OREANDA-NEWS. March 01, 2012. Independent rating agency RusRating has increased the credit rating of B&N Bank:

from “AA-” to “AA” on the national scale

and from “BBB-” to “BBB” on the international scale,

in both cases with a stable outlook.

The rating reflects high creditworthiness relative to other Russian borrowers and relatively high creditworthiness on the international scale; financial condition judged solid and stable.

According to the agency, the rating increase reflects steady growth in the Bank’s business, an increase in its capital base, the positive impact of an upcoming bond issue on its funding structure, an improvement in the structure of profits and reduced pressure from credit risks.

The rating is based on the support of a financially-solid owner; an established business and solid market positions; a stable corporate client base; and high current liquidity reserves.
 
“These rating actions allow us to enhance our investment opportunities and positions in the financial market resulting in more extensive pool of partners,” Irina Komarova, B&N Bank’s SVP, said.