OREANDA-NEWS. June 18, 2012. Expert RA rating agency assigned B++ (acceptable) creditworthiness rating to RIABANK, forecast "positive".

RIABANK rating is supported by low level of outstanding debts, presence of loans of quality category I and II in credit portfolio, moderately high level of own funds adequacy. The bank is also characterized by moderately high diversification of LE loan portfolio by industries, good loan portfolio security, acceptable quality of securities portfolio.

The Bank creditworthiness is limited by high share of 30 days-attracted-assets, low business profitability and low coverage of operation expenses by net interest and commission revenues.

Expert RA Rating Agency is the first independent rating agency in Russia founded in 1997 by Expert  magazine. It is presently the largest Russian rating agency. The Agency strategic goal is to provide all-round information and analysis assistance to companies, operating on the Russian market. The Agency business is based on unique system of rating products. Expert RA family of ratings presents classic credit ratings of companies in all economic branches, regions and municipalities, as well as ratings related to different aspects of social responsibility of companies: corporate governance rating, companies' ecological liability rating. Currently Expert RA ratings have been assigned to over 350 companies (including companies from Eastern Europe, CIS and the Baltic countries) and regions (60 received the Agency credit rating).