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 Russia founded in 1997 by Expert  magazine. It is presently the largest Russian rating agency. The Agency strategic goal is to provide all-round information and analysis assistance to companies, operating on the Russian market. The Agency business is based on unique system of rating products. Expert RA family of ratings presents classic credit ratings of companies in all economic branches, regions and municipalities, as well as ratings related to different aspects of social responsibility of companies: corporate governance rating, companies' ecological liability rating. Currently Expert RA ratings have been assigned to over 350 companies (including companies from Eastern Europe, CIS and the Baltic countries) and regions (60 received the Agency credit rating).