OREANDA-NEWS. 'Expert RA' rating agency downgraded 'TCBank' JSCB creditworthiness rating to В++, which means acceptable credit solvency, with the developing outlook. In this case, the developing outlook means equal probability of maintaining and changing the rating in the short-term. The Bank used to have rating A, which means high credit solvency, the third sublevel, the stable outlook.

The significant loan portfolio quality deterioration and capital adequacy reduction were the main rating downgrading factors. Н1.0 decline is due to both the additional provisioning and rapid loan portfolio expansion. A further capital adequacy decrease and increased regulatory risks will pressurize the rating, as reflected in the developing outlook.