OREANDA-NEWS. Expert RA Rating Agency (RAEX) upgraded Kurskprombank credit rating to A+ level, which means very high level of creditworthiness, the third sub-level, stable rating outlook. Previously the Bank had credit rating A ("High level of creditworthiness"), the first sub-level, stable outlook.

The rating was reviewed, first of all, due to improvement of profitability indicators, reduction of overdue debt level on aggregate loan portfolio and expansion of network of the Bank's structural divisions.

Rating score was negatively influenced by medium high dependence of the bank on funds of individuals as a funding source together with their low geographic diversification and high share of III-V categories quality loans in the loan portfolio.

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