OREANDA-NEWS. 'Expert RA' rating agency downgraded 'FIA-BANK' creditworthiness rating to В+, which means sufficient credit solvency, with the developing outlook. The developing outlook means equal probability of maintaining and changing the rating in the mid-term. The Bank used to have rating В++, which means acceptable credit solvency, with the developing outlook.

The Bank rating downgrading was triggered by the high liquidity loss risk in connection with the 'depositor panic' the Bank was confronted with. The stressful situation in the Samara Region banking sector led to large-scale prepayments of retail deposits and corporate money outflows. In this case, the developing outlook reflects the uncertainty as to whether or not the efforts taken by the Bank were sufficient to stabilize the liquidity situation. If the Bank lifts the earlier introduced cash withdrawal restrictions for individuals, the probability of positive rating actions is high.