Fitch rates Pravex Bank B-

Fitch Ratings said it assigned Pravex Bank a long-term issuer default rating of B- with stable outlook, short-term issuer default rating of B, individual rating of D/E, support rating of 5, support floor of "no floor" and national long-term rating of BBB(ukr) with stable outlook.

The ratings reflect high credit and operational risks resulting from rapid loan expansion, lending to higher-risk segments, moderate liquidity and weak capitalization, Fitch said.

The ratings also consider the bank's satisfactory profitability, moderate concentrations and insignificant share of related parties on both sides of the balance sheet, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.