OREANDA-NEWS. December 20, 2011. The rating agency "Expert RA" has raised credit rating Baltic Development Bank to A "high level of creditworthiness." Rating outlook is stable. Earlier, the Bank has acted rating in the "acceptable level of solvency," positive outlook.

The key factors contributing to the increase in ratings of the Baltic Development Bank made a significant increase in the loan portfolio, while improving the quality of bad debt reserves and maintaining a high level.

The main negative factors identified moderately high percentage of doubtful loans in the portfolio of the Bank, as well as instability of LE and FE in the accounts of the Bank.