Black Sea Trade and Development Bank Rated 'A/A-1'; Outlook Stable Jun 11
- ID: 1827028
- June 2011
- Standard & Poors
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
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