Expert RA Downgraded Solidarity Commercial Bank Rating
OREANDA-NEWS. 'Expert RA' rating agency downgraded 'Solidarity' Commercial Bank creditworthiness rating to B, which means satisfactory credit solvency, the rating outlook is developing. In this case, the developing outlook means equal probability of changing and maintaining the rating in the short-term. The Bank used to have rating A, which means high credit solvency, the third sub-level, with the stable outlook.
Failures in the Bank's operations became the key factor leading to the Bank rating downgrading. Combined with low liquidity indicators, it complicated servicing the Bank's current liabilities significantly. At the same time, the rating reflects the lending institution significance for the Samara Region banking system, which increases probability of external support to the Bank.