OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded Klientsky Bank credit rating from A to B++, which means acceptable level of creditworthiness. The rating outlook is "negative", which means the likelihood of mid term rating downgrade is high. Earlier the Bank had rating A "High level of creditworthiness", "developing" outlook, the third sub-level.

Low level of concentration of active operations on large credit risk objects and high level of diversification of the resource base by creditors were highlighted as the positive factors.

Rating downgrade is associated with impairment of the loan portfolio quality observed in 2014 which manifests itself in growth of extended loans and III category loans together with low loan portfolio turnover.

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