OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded Joint-Stock Commercial Bank Zarechye credit rating to B++ "Acceptable level of creditworthiness", the rating outlook is "developing", which means rating stability and change are equally likely in the mid-term. Previously the Bank had credit rating A ("High level of creditworthiness"), the third sub-level, negative outlook.

In addition, the Agency analysts highlight low diversification of the loan portfolio by industries, limited client base in the segment of loans to corporate clients and the self-employed as well as instability of short term liquidity ratio among negative factors.

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