Expert RA Upgrades FIA Bank Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency upgraded 'FIA Bank' creditworthiness rating to B++, which means acceptable credit solvency, with the developing rating outlook. The developing outlook means equal probability of two or more rating actions (rating maintaining, upgrading or downgrading). The Bank used to have rating B+, which means sufficient credit solvency, with the developing outlook.
The rating level change results from, first of all, stabilization of the situation with liquidity.
High concentration of the corporate and individual business loan portfolio in mining-related lines of business has a negative impact on the rating.
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