Rating Agency Expert RA Upgrades Vozrozhdenie Bank’s Rating to ruА-

19 October 2018

Rating agency Expert RA upgraded Vozrozhdenie Bank’s credit rating to „ruА-”, with a stable outlook.

In the opinion of the Agency’s analysts, the rating action was triggered by acceptable market positions of the Bank, satisfactory quality of assets, adequate valuations of liquidity and corporate governance. The Agency also notes a positive impact of change in Vozrozhdenie Bank’s ownership structure on the rating.

According to Vyacheslav Tomashevskiy, Deputy Chairman of the Management Board of Vozrozhdenie Bank, three steps upwards the rating scale and long-term outlook reflect the confidence of Expert RA analysts in successful development of the Bank, and confirm the Bank’s stable market positions and high quality of corporate governance.

ACRA upgraded the credit rating of Vozrozhdenie Bank by assigning it a “stable” outlook