OREANDA-NEWS. 'Expert RA' rating agency downgraded 'Russian Land Bank' Joint Stock Commercial Bank creditworthiness rating to B++, which means acceptable credit solvency, the rating outlook is developing. The developing outlook means equal probability of changing and maintaining the rating in the mid-term. The Bank used to have rating A, which means high credit solvency, with the developing outlook, the third sub-level.

The rating downgrading is due to the growing capital immobilization by investments into CMFs. Reduction in the Bank's RoE against the background of the decreasing net interest margin and the increasing share of expensive liabilities raised from individuals has a negative impact on the Bank rating.

A good balance of assets and liabilities in the short-term, the low past-due debt, reduction in the Н4 ratio, and acceptable capital adequacy have a positive impact on the Bank rating.