Expert RA Confirmed Boomerang Commercial Social Bank Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Boomerang' Commercial Social Bank creditworthiness rating A, which means high credit solvency, the third sub-level. The rating outlook is developing. The developing outlook means equal probability of maintaining and changing the rating in the mid-term. The bank used to have the stable outlook.
Moderately high capital adequacy and low past-due debt are the main factors having a positive impact on 'Boomerang' Commercial Social Bank rating. The conservative provisioning policy and the acceptable diversification of raised funds by sources and customers are also highlighted as positive factors.
High concentration of active transactions on major credit risk items and low profitability ratios were highlighted as factors restraining the Bank's creditworthiness.
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