Ahbor-Reyting Upgraded Credit Rating of Trustbank
OREANDA-NEWS. December 26, 2012. In December 2012 Rating Agency of Uzbekistan "Ahbor-Reyting" upgraded credit rating of Private Open Joint Stock Exchange Bank "Trustbank" on a national scale from "uzA" with stable outlook to "uzA+" with stable outlook.
The assigned rating reflects the Bank's high business activity in the market, dynamically developing commercial network, adequate capitalization and balanced liquidity position. The rating upgrade has been driven by the Bank’s successful development, growth of assets, increase of deposit and investment portfolio, as well as capital resources.
The "uzA+" rating with stable outlook reflects the very high level of the Bank’s creditworthiness, demonstrating the very low level of credit risk in its activities. The "uzA+" rating reflects the Bank’s very high potential in timely and full meeting of its financial liabilities before creditors, depositors and investors.
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