NRA’s Credit Rating on Mezhtopenergobank Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its ‘AA-’ credit rating on Mezhtopenergobank PJSC (MTEB). The outlook has been changed to Negative. The bank got NRA’s first-time credit rating of ‘A’ on Jan. 22, 2010. The latest rating action on MTEB (‘AA-’ credit rating affirmation with a stable outlook) was on Aug. 13, 2015.
Founded in 1994, MTEB is a joint-stock bank acting as a public joint-stock company and servicing the fuel-and-energy sector. The bank is licensed to offerbanking services (under the Central Bank’s license No 2956), carry out precious metal transactions and operate as a Professional Securities Market participant. It holds membership in different professional societies and associations, and is a member bank of the Deposit Insurance System (Reg. No. 933). The bank’s ultimate beneficiaries are the Management Board members who hold around 48% of MTEB’s shares.