RAEX Confirms BBR Bank Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed BBR Bank credit rating A+, which means "Very high level of creditworthiness," the third sub-level, and changed the rating outlook to developing. Developing outlook means rating stability and change are equally likely in the mid-term. Previously the Bank had a stable outlook.
Main factors influencing positively the rating score of the Bank are acceptable level of the loan portfolio security and high business profitability.
Among the factors restraining the Bank's creditworthiness the Agency highlighted high share of III category loans in the gross loan portfolio of the Bank and high concentration of active operations on major credit risk objects.
Expert RA is Russian rating agency working on a global scale, incorporated in 1997 by Expert magazine.
Expert RA was evaluated and certified as satisfying to ISO 9001:2008 demands in the following areas: assigning and actualizing expert assessments; analysis of markets and companies, survey activity; organization of business-forums, conferences and round tables. Rating methods were approved by leading international audit-consultation companies: PricewaterhouseCoopers, Deloitte. Procedural quality and information confidentiality principles are confirmed by Accenture.
Expert RA is accredited at the RF Ministry of Finance. The Agency ratings are included in the list of official requirements to banks, insurers, pension funds, issuers. Expert RA ratings have been officially recognized by FSFM, Central Bank of Russia, Vnesheconombank of Russia, MICEX-RTS, Mortgage Crediting Agency, Deposit Insurance Agency, professional associations and self-regulating organizations: VSS, Russia Association, Strategic Initiative Agency, RSA, NAPF, NLU, NSG, NFA, and hundreds of companies and agencies in the period of bids and tenders.
Expert RA and its employees received more than 80 diplomas, awards and thank-you notes, including Financial Elite award for transparency increase at the financial market, Pension Fund of Russia diploma for objective industry coverage, Time of Innovation award for popularization of innovation activity, Golden Salamander award for high analytical quality at the insurance market and many others.
Over 5000 companies from different segments of economy cooperate with Expert RA. The Agency has clients from 10 countries. The Agency database contains over 20000 company names.
Комментарии