Expert RA Confirmed Energomashbank Rating
OREANDA-NEWS. June 14, 2012. Expert RA rating agency confirmed B++ creditworthiness rating (acceptable) to Energomashbank. Rating forecast changed from "stable" to "positive".
Energomash rating is supported by highly secured loans, short and mid-term asset/liability balance, highly profitable business. The rating is supported by moderately low concentration of asset operations on large credit risk objects and by highly diversified LE credit portfolio. Another plus: low concentration of attracted funds on large creditors.
Key limiting factors: low capital adequacy, non-optimal structure of own funds, moderately high dependence of resource base on 30 days-attracted-assets. Another feature: moderately high share of IY and Y quality loans in gross loan portfolio, high level of outstanding debts in PP credit portfolio, insufficiently conservative provision policy.
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