Expert RA Confirmed Rating of Tatfondbank at A Level
OREANDA-NEWS. March 21, 2012. Expert RA Rating Agency confirmed the rating of creditworthiness of AIKB Tatfondbank at A level (high level of creditworthiness). The rating outlook was changed from stable to positive, reported the press-centre of Tatfondbank.
The outlook was changed in view of the reduced level of large credit risks to assets and improvement of the assets to liabilities balance in a short-term horizon. The key positive factors include: loan provisioning policy, which is adequate to Tatfondbank’s specialisation, and high probability of administrative and financial support on the part of regional authorities.
Besides, the rating assessment is supported by positive credit history, stable and diversified funding base by sources and terms, the strong competitive positions, and a broad geography of operations.
‘Confirmation of Tatfondbank’s rating at A level and improvement of the rating outlook from stable to positive is a result of our efforts aimed at strengthening the positions in the banking market, including our vigorous expansion to regions of Russia. The high result noted by an independent rating agency speaks of stability and strong competitive advantage of Tatfondbank’, said Nailya Tagirova, Deputy Chairman of the Board of Management of AIKB Tatfondbank.
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