OREANDA-NEWS. Expert RA Rating Agency (RAEX) upgraded its credit rating in respect of Khakass Municipal Bank to Level A+, Sublevel 3 (very high creditworthiness). The rating outlook is stable, meaning that it is very likely to remain intact in the medium term. Earlier, the bank enjoyed Level A rating.

Key positive factors include low concentration of activities in risky lending environment, high values of business profitability, and low dependence of the resource base on major creditors/groups of creditors.

One of the major factors providing negative impact on the rating estimate is the Bank's dependence on physical persons as major funding source, with more than 95% of such persons' deposits being attracted in the Republic of Khakassia.