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Fitch Rates Ameriabank's USD15m Senior Unsecured Notes Final 'B+'
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Fitch Ratings has assigned Ameriabank's USD15m issue of fixed-rate senior unsecured notes a final Long-term rating of 'B+' and a Recovery Rating of 'RR4'. The bonds mature in July 2018 and have a coupon rate of 6.75% per annum.

The senior debt rating of Ameriabank is aligned with the bank's Long-Term Issuer Default Rating (IDR) of 'B+', as it represents direct, unsecured and unconditional obligation of the bank. The issue's Recovery Rating of 'RR4' reflects average recovery prospects for noteholders in case of default.

The rating also factors in the bank's reasonable financial metrics, albeit under moderate pressure from a challenging operating environment, solid loss absorption capacity, adequate liquidity buffer and strong domestic franchise.

According to the agency, the bank’s credit metrics are highly reliant on the performance of the economy and stability of the local currency. Hence, changes in the domestic economy may result in a rating revision. Improvement of the country's economic prospects would be supportive of bank's credit profile.
Updated 27.07.2016, 11:00
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