OREANDA-NEWS. On 16 July, Expert RA, the Russian rating agency, affirmed 'A+' credit rating of Bank Petrocommerce, which stands for 'Very high level of creditworthiness' with 'stable' outlook.

The agency named the following positive factors underpinning the credit rating of the Bank: well balanced liquidity position in the short run, strong collateralization of loans, moderately low credit risk concentration, high diversification of the funding base and a wide range of instruments allowing to raise additional liquidity.

In addition, the agency notes the Bank's strong competitive positions and wide regional coverage.