BCRA - Credit Rating Agency” AD updated the ratings assigned to BACB, as follows:
- Increases the long-term rating from B+ to BB-, changes the outlook from “Positive” to “Stable”, keeps the short-term rating at B;
- Increases the national-scale long-term rating from BB (BG) to BB+ (BG), changes the outlook from “Positive” to “Stable”, keeps the national-scale short-term rating at B (BG);
|Financial strength rating||Primary Rating July 27, 2016||Updated Rating|
|National-scale long-term rating||В+ (BG)||BB+ (BG)|
|National-scale short-term rating||В (BG)||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, the stable improvement in the portfolio quality, the 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, deterioration of assets, increase of impairment expenses, significant contraction of the activities, as well as decrease of the capital adequacy and deterioration of the liquidity position of the bank may influence.
The complete text of the report is available on the “BCRA-Credit Rating Agency” AD web site: https://www.bcra-bg.com/bg/ratings/bacb-rat