Expert RA Assigned Finprombank Bond Issue Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'Finprombank' bond issue series 01-BО (registration No. 40102157B; ISIN code RU000A0JU6S3) reliability rating A, which means high reliability.
The bond reliability rating coincides with the issuer creditworthiness rating. 'Expert RA' analysts believe that the credit quality of the bonds and the issuer itself will coincide in the future; if the issuer credit rating changes, the bond issue reliability rating will be revised, too.
The Agency highlights a good balance of assets and liabilities, by their maturities, good diversification of raised funds by sources and low past-due loan debt among the factors having a significant positive impact on 'Finprombank' creditworthiness rating.
Low capital adequacy, high concentration of active transactions on the major credit risk items, low loan portfolio security and moderately low RoE were the key rating-restraining factors.