RAEX Downgrades Tatagroprombank Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded TATAGROPROMBANK rating to B++ level, which means "Acceptable level of creditworthiness" with the stable outlook. Earlier the Bank had rating A, the third sub-level, with "developing" outlook.
Key positive factors were good diversification of liabilities base by clients and high level of loan portfolio coverage.
The Agency analysts highlight low level of capital adequacy, very high concentration of active operations on major credit risk objects and insufficient balance of assets and liabilities by maturities in the short term as rating restraining factors.
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