Expert RA Confirmed StarBank Rating
OREANDA-NEWS. April 03, 2012. Expert RA rating agency confirmed B++ (acceptable creditworthiness) rating to StarBank, forecast is “stable”.
StarBank rating is positively influenced by highly secured loans and good mid-term assets/liabilities balance. Rating assessment is also enhanced by low share of 10 largest depositors, low level of outstanding debts for loans to legal entities and stable growth of attracted funds during 2010-2011.
Main features weakening Bank creditworthiness: low profitability indicators (2011 capital profitability – 4.1% per annum without considering post balance sheet events) and low capital adequacy.
Expert RA Rating Agency is the first independent rating agency in
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