HERE AND BEYOND
S&P Global Ratings Re-Affirms Ameriabank’s B+/B Rating with Stable Outlook
Media Room

US-based S&P Global Ratings has re-affirmed Ameriabank’s “B+/B” long- and short-term issuer credit ratings with stable outlook.

 

The affirmation of the rating with stable outlook reflects Ameriabank’s sufficient liquidity, prudent risk management and strong local brand name that will enable it to withstand potential stresses from expected macroeconomic contraction resulting from the COVID-19 pandemic.

 

The agency notes that as of March 31, 2020 Ameriabank’s market share by assets was 15.5%. S&P expects that Ameriabank’s capitalization will strengthen further in 2021, supported by capital injections from new investors. The base-case scenario is that the bank will maintain a broadly stable deposit base of retail and corporate depositors, and a high liquidity cushion.

 

According to S&P Global Ratings Ameriabank’s  “bb-” Stand-alone Credit Profile (SACP) is one notch higher than the “B+” long-term rating, as the latter is constrained by the sovereign's  creditworthiness.

 

Ameriabank is the first Armenia-based company rated by S&P. 

Updated 15.06.2020, 11:37
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