Expert RA Assigned RUBLEV Bank Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'RUBLEV' Bank creditworthiness rating A, which means high credit solvency, the third sub-level. The rating outlook is stable. The stable outlook means high probability of maintaining the rating in the mid-term.
A good balance of assets and liabilities, by their maturities, in the short-term and low concentration of raised funds on the major group of lenders support the Bank rating. A good balance of assets and liabilities, by their maturities, in the 12+ months period, access to a significant volume of additional liquidity and the high share of 'long' liabilities also have a positive impact on the rating.
'Expert RA' analysts note low capital adequacy combined with the suboptimal equity structure as the key rating-restraining factor. The moderately high level of III-V quality category loans, incomplete coverage of operating costs with net interest and commission income, and high concentration on the major credit risk also have a negative impact on the rating.
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