Expert RA Downgrades Financial Standard Commercial Bank Rating
OREANDA-NEWS. 'Expert RA' rating agency changed 'Financial Standard' Commercial Bank rating outlook from stable to negative, which means high probability of downgrading the rating in the mid-term. The rating sub-level is downgraded from two to three. The creditworthiness rating remained unchanged at A, which means high credit solvency.
The Bank's negative liquidity trends as of the monthly reporting dates of 4Q2013, combined with the liquidity squeeze in the banking system in general, was the main reason for downgrading the sub-level and the rating outlook change.
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