OREANDA-NEWS. March 18, 2014. Fitch Ratings has affirmed the Long-term foreign currency Issuer Default Rating (IDR) of AGBank at 'B-'. The Outlook on AGBank has been revised to Stable from Negative. The revision of AGBank's Outlook to Stable from Negative reflects the stabilization of asset quality and significant improvement of operating performance.

For the first time, AGBank has received a rating from the International Rating Agency “Fitch Ratings” in 2008. At the same time, AGBank has received rating from “Standard and Poor's” International Rating Agency and was the first bank in the country which received a rating from “Standard and Poor's” in 2008.

AGBank is being one of the leading private bank of the country, started its activity in 1992. The Bank’s shareholders include 2 largest organizations: International Finance Corporation (IFC) and US Investment Fund “Kazimir Investment LTD”.