RAEX Downgrades Svyaznoy Bank Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded Svyaznoy Bank credit rating to B, which means "Satisfactory level of creditworthiness" with the "developing" outlook. Developing outlook means rating stability and change are equally likely in the mid-term. Earlier the Bank had rating B++ "Acceptable level of creditworthiness" and "developing" outlook.
The rating review is due, first of all, to reduction of high liquid assets and worsening of the owners' abilities to support the Bank.
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