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

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

  • ID: 1827028
  • June 2011
  • Standard & Poors

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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

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.

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