October 29,2013 international rating agency Moody's Investors Serviceaffirmed the bank’s ratings at:B2/NotPrime – long-/short term global foreign- and local- currency deposit ratingsandE+ - standalone bank financial strength rating (stable outlook)as well as Baa1.ru – national scale rating.
Among the positive factors influencing its conclusion, the agency citied healthy capital buffer and robust profitability which provide the Bank with good loss-absorption capacity. The agency also drew attention to adequate asset quality of the Bank, leading to lower credit costs compared to similarly rated peers.
“Onthebackgroundofdeterioratingmacroeconomicenvironment, contraction within the economy's core sectors andbankingassetqualityerosion, positionsofAsian-PacificBankinthemarketarestableand robust, which is confirmed by rating agencies,”commented Mikhail Pavlov, Deputy Chairman of the Executive Board.“Affirmation of our ratings is a good indicator of a balanced management approach as well as confidence in the prospects of the APB’s development for the management of the Bank and for our customers, partners and shareholders.”
Asian-Pacific bank also has the following ratings:
- «B+» - long-term foreign and local currency issuer default rating (IDR) byFitch,
- «B» - short-term foreign currency IDR by Fitch,
- «A-(rus)» - national long-term rating by Fitch,
- «b+» - viability rating byFitch,
- «5» - support rating by Fitch,
- «A+» - bank credit rating by Expert RA.