ArmInfo. Fitch Ratings has revised ACBA Bank Open Joint-Stock Company's (ACBA) Outlook to Stable from Negative and affirmed its Long-Term Issuer Default Rating (IDR) at “B+”. The agency has also affirmed the bank's Viability Rating (VR) at “b+”. It is mentioned in the message of AСBA Bank.
The report published by the agency stated that the bank received such an assessment due to its internal financial viability and liquidity, as well as the creation of a favorable economic environment.
The report published by Fitch highlights the improvement of the bank's asset quality and significant increase in operating profit in the current year. The agency also notes the bank's high level of capitalization, which significantly exceeds the minimum requirements of the regulator, which confirms the bank's high level of viability.
