Expert RA Downgrades UNICORBANK Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency downgraded 'UNICORBANK' creditworthiness rating to В+, which means sufficient credit solvency, 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 rating В++, which means acceptable credit solvency, with the negative outlook.
The Agency noted 'UNICORBANK' losses: in January/February, the Bank generated losses of RUB 72.5 million, which led to reduction in the absolute equity amount. As of March 1, 2014, Н3 came to 50.7%, while the standard minimum was 50%, and the Bank fully pledged its available portfolio of liquid securities.
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