Moody's upgrades long-term foreign currency rating of bank deposits of VTB Bank (Armenia) from b2 “stable” to b1 “stable”
05.09.2019,
19:16
Moody's has upgraded the long-term foreign currency rating of bank deposits of VTB Bank (Armenia) from B2 “stable” to B1 “stable,” the press service of the bank said.
YEREVAN, September 5. /ARКА/. Moody's has upgraded the long-term foreign currency rating of bank deposits of VTB Bank (Armenia) from B2 “stable” to B1 “stable,” the press service of the bank said.
It said Moody's has also upgraded the bank's Baseline Credit Assessments (BCAs), as well as long-term Local Currency (LC) deposit ratings.
It has upgraded also the Foreign Currency (FC) deposit ratings and the long-term Counterparty Risk Assessments (CR Assessments) of VTB (Armenia) and affirmed the short-term ratings and assessments. Moody's said change in the macro profile to 'weak+' from 'weak' reflects improving operating environment in Armenia and exerts upward pressure on banks' ratings.
At the same time, the bank's BCA is supported by its healthy liquidity profile and benefits from capital injections from its parent.
VTB Bank (Armenia)'s B1 local-currency deposit rating is based on its b3 Baseline Credit Assessment (BCA) and Moody's expectation of a high probability of affiliate support from its parent, Bank VTB. -0-
It said Moody's has also upgraded the bank's Baseline Credit Assessments (BCAs), as well as long-term Local Currency (LC) deposit ratings.
It has upgraded also the Foreign Currency (FC) deposit ratings and the long-term Counterparty Risk Assessments (CR Assessments) of VTB (Armenia) and affirmed the short-term ratings and assessments. Moody's said change in the macro profile to 'weak+' from 'weak' reflects improving operating environment in Armenia and exerts upward pressure on banks' ratings.
At the same time, the bank's BCA is supported by its healthy liquidity profile and benefits from capital injections from its parent.
VTB Bank (Armenia)'s B1 local-currency deposit rating is based on its b3 Baseline Credit Assessment (BCA) and Moody's expectation of a high probability of affiliate support from its parent, Bank VTB. -0-
