trending Market Intelligence /marketintelligence/en/news-insights/trending/vdsfVfRnTWJ7r2tWIqhXRw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fitch revises Ameriabank's outlook

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Fitch revises Ameriabank's outlook

FitchRatings on May 5 affirmed Ameriabank CJSC's long-term issuer default rating at B+and revised the outlook on the rating to stable from negative.

The ratingagency also affirmed the bank's short-term issuer default rating at B,viability rating at "b+", support rating at 5 and support ratingfloor at No Floor.

Fitchalso affirmed fellow Armenian lender Industrial Construction Bank CJSC's long- and short-termissuer default ratings at B+/B, viability rating at "b+", supportrating at 5 and support rating floor at No Floor. The long-term issuer defaultrating of the lender, also known as Ardshinbank, carries a negative outlook.

Theoutlook revision on Ameriabank's long-term rating reflects Fitch's expectationthat the bank is likely to remain resilient to pressures from the difficultoperating environment. The rating agency noted that the lender has a fairlystrong ability to absorb impairments through earnings and improved capitalbuffer.

Thenegative outlook on Ardshinbank's long-term rating reflects the lender's morevulnerable credit profile due to the high-risk nature of some of its majorexposures. The outlook also reflects the bank's more moderate capacity toabsorb credit losses through pre-impairment profits and its smaller capitalbuffer.