Expert RA Assigns Absolut Bank Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'Absolut Bank' creditworthiness rating А++, which means extremely high (highest) creditworthiness. The rating outlook is developing, which means equal probability of maintaining and changing the rating in the mid-term.
Low concentration of active transactions on major credit risk items, high loan portfolio security and high retail loan portfolio quality have a positive impact on 'Absolut Bank' rating.
Low profitability ratios have a negative impact on 'Absolut Bank' rating: from October 1, 2012, to October 1, 2013, the capital adequacy amounted to 3.3%.
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