On 17 April 2020 BCRA - Credit Rating Agency” AD published information about confirming the ratings assigned to BACB, as follows:

• Long-term rating at BB-, outlook at “Stable”, short-term rating at B;
• National-scale long-term rating at BB+ (BG), outlook at “Stable”, National-scale short-term rating at B (BG);

In the process of assigning the ratings BCRA uses the methodology which is officially adopted for assigning bank financial strength ratings (https://www.bcra-bg.com/bg/methodologies)

According to the published text, for the period “Bulgarian-American Credit Bank” continues to report improvement in the activities and in the results. Acceleration for some of the parameters is reported, in addition to the consolidation of their positive trends.

The stable improvement in the portfolio quality, maintain and increase of the profit accumulated and the parameters for profitability, while maintaining stable capital adequacy and liquidity may have additional positive influence on the “Bulgarian-American Credit Bank” ratings.

In negative direction, additional deterioration of the loan portfolio quality and significant decrease of the levels of the capital adequacy and liquidity parameters of the Bank as a result of the negative effects of the COVID 19 pandemic on the Bank’s clients may influence

The complete text of the report is available on the “BCRA-Credit Rating Agency” AD web site: https://www.bcra-bg.com/en/ratings/bacb-rating