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S&P revises outlook on Greece-based Black Sea Trade & Development Bank

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S&P revises outlook on Greece-based Black Sea Trade & Development Bank

S&P Global Ratings on March 8 affirmed the A-/A-2 long- and short-term issuer credit ratings of Black Sea Trade & Development Bank and revised the outlook on the long-term rating to positive from stable.

The ratings were also removed from under criteria observation, where they were placed Dec. 14, 2018.

The rating agency said the outlook revision reflects its view that the Greek bank's recently announced expansion plan could improve its policy role. The agency added that the ratings are based on the bank's extremely strong financial profile, as a result of its healthy capital adequacy and solid liquidity, and its moderate enterprise risk profile.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.