Bulgarian American Credit Bank : Updated Credit Rating of Bulgarian-American Credit Bank

On 30 July, 2018 'BCRA - Credit Rating Agency' AD updated the ratings assigned to BACB, as follows:

• Keeps the long-term rating at B+, changes the outlook from 'Stable' to 'Positive', keeps the short-term rating at B;
• Changes the national-scale long-term rating from BB- (BG) to BB (BG), changes the outlook from 'Stable' to 'Positive', keeps the national-scale short-term rating at B (BG);

Financial strength rating	Primary Rating July 27, 2016	Актуализация
Long-term rating	B	B+
Outlook	Stable	Positive
Short-term rating	B	B
National-scale long-term rating	B+ (BG)	BB (BG)
Outlook	Stable	Positive
National-scale short-term rating	B (BG)	B (BG)

In the process of assigning the ratings BCRA uses the methodology which is officially adopted for assigning bank financial strength ratings (https://www.bcra-bg.com/bg/methodologies)

According to the published text, the stable improvement in the portfolio quality, the increase of the profit accumulated and the parameters for profitability, while maintaining stable capital adequacy and liquidity may have positive influence on the 'Bulgarian-American Credit Bank' ratings.

In negative direction, deterioration of assets, increase of impairment expenses, significant contraction of the activities, as well as decrease of the capital adequacy and deterioration of the liquidity position of the bank may influence.

The complete text of the report is available on the 'BCRA-Credit Rating Agency' AD web site.

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