ACRA affirms BB+ to Asian-Pacific Bank, outlook Developing

On 20 November 2019 ACRA has affirmed the credit rating of Asian-Pacific Bank (hereinafter, the Bank) at BB+, outlook Developing.

This rating action reflects the Bank’s business model stabilization and strengthening, systemic importance for the economies of several Russian regions and increase of liquidity level. Additionally, analysts mentioned the state’s strong influence on the Bank’s creditworthiness.

"The affirmation of APB credit rating by ACRA confirms our financial stability and accuracy of development strategy in current macroeconomic environment" - commented Alexey Gusev, CFO.