RAEX Confirms Pervomajsky Bank Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Pervomajsky Bank creditworthiness rating A, which means "High level of creditworthiness", the third rating sub-level. Change of the rating outlook from developing to negative means high probability of the rating downgrading in the mid-term.
Good balance of assets and liabilities by maturities in the short-term, low concentration of active operations on major credit risk objects, low dependence of the liabilities base on funds of the largest creditors / groups of creditors are still highlighted as positive factors.
The rating score is negatively influenced by low level of capital adequacy and profitability ratios.
Expert RA is Russian rating agency working on a global scale, incorporated in 1997 by Expert magazine. Expert RA is a true market leader in ratings and survey-communication activity.
Expert RA was evaluated and certified as satisfying to ISO 9001:2008 demands in the following areas: assigning and actualizing expert assessments; analysis of markets and companies, survey activity; organization of business-forums, conferences and round tables. Rating methods were approved by leading international audit-consultation companies: PricewaterhouseCoopers, Deloitte. Procedural quality and information confidentiality principles are confirmed by Accenture.
Expert RA is accredited at the RF Ministry of Finance. The Agency ratings are included in the list of official requirements to banks, insurers, pension funds, issuers. Expert RA ratings have been officially recognized by FSFM, Central Bank of Russia, Vnesheconombank of Russia, MICEX-RTS, Mortgage Crediting Agency, Deposit Insurance Agency, professional associations and self-regulating organizations: VSS, Russia Association, Strategic Initiative Agency, RSA, NAPF, NLU, NSG, NFA, and hundreds of companies and agencies in the period of bids and tenders.
Over 5000 companies from different segments of economy cooperate with Expert RA. The Agency has clients from 10 countries. The Agency database contains over 20000 company names.