Black Sea Trade and Development Bank Rated 'A/A-1'; Outlook Stable Jun 11

Standard & Poors, June 2011

Abstract
We have assigned 'A/A-1' issuer credit ratings to the Black Sea Trade and Development Bank (BSTDB). The ratings reflect the bank's strong capitalization and liquidity, its historically well-performing loan portfolio, and evidence of continuing shareholder support. The stable outlook reflects our expectation that the bank's financial profile and shareholder support will remain strong. NEW YORK (Standard & Poor's) June 16, 2011--Standard & Poor's Ratings Services said today that it assigned its 'A' long-term and 'A-1' short-term issuer credit ratings to BSTDB. Standard & Poor's also said that the outlook on BSTDB is stable. "The rating on BSTDB reflects its strong capitalization and liquidity, historically well-performing loan portfolio, and continuing support from its 11 country shareholders," said Standard & Poor's credit...

Companies mentioned in this report are: Black Sea Trade and Development Bank
Action: New Rating

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Black Sea Trade and Development Bank

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