RAEX Confirms Pervomajsky Bank Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Pervomajsky Bank creditworthiness rating A, which means "High level of creditworthiness", the third rating sub-level. Change of the rating outlook from developing to negative means high probability of the rating downgrading in the mid-term.
Good balance of assets and liabilities by maturities in the short-term, low concentration of active operations on major credit risk objects, low dependence of the liabilities base on funds of the largest creditors / groups of creditors are still highlighted as positive factors.
The rating score is negatively influenced by low level of capital adequacy and profitability ratios.
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