OREANDA-NEWS. "Expert RA" rating agency upgraded "Solidarnost" Commercial Bank creditworthiness rating to A, which means high credit solvency, the third sublevel, the developing rating outlook. In this case, the developing outlook means equal probability of changing and maintaining the rating in the short-term. The Bank used to have rating B++, which means acceptable credit solvency, with the positive outlook.

The rating upgrading was due, first of all, to stabilization of the Bank's business operations, which was confirmed by the absence of statutory ratio violations as of May 1, 2014. The high loan portfolio security ratios, reduction in the share of short-term liabilities and a good balance of liabilities and assets, by their maturities, in the short-term also supported the Bank rating. The support of the entities making part of Life Financial Group also had a positive impact on the rating.

The high capital immobilization (88.5% of capital was immobilized as property investments as of May 1, 2014) and low profitability ratios, as well as the loan portfolio quality deterioration were the key rating-restraining factors.