Bulgarian American Credit Bank : Information about the Credit Rating of Bulgarian-American Credit Bank

On 19 April 2021 BCRA - Credit Rating Agency' AD published information about changing and confirming the ratings assigned to BACB, as follows:

• Confirming the Long-term rating at BB-, change of outlook at 'Positive', confirming the short-term rating at B;
• Change of the national-scale long-term rating at BBB- (BG), change of outlook at 'Positive' change of the national-scale short-term rating at A-3 (BG);

Financial strength rating	Primary Rating July 27, 2016	Updated Rating 19 April, 20120
Long-term rating	В	BB-
Outlook	Stable	Positive
Short-term rating	В	B
National-scale long-term rating	В+ (BG)	BBB- (BG)
Outlook	Stable	Positive
National-scale short-term rating	В (BG)	A-3 (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, for the period Bulgarian-American Credit Bank continues to report improvement in the activities and in the results. A positive positioning compared to the average levels for the Bulgarian banking system is reported together with the acceleration of the positive trends of significant part of the parameters.

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

In negative direction, additional deterioration of the loan portfolio quality and significant decrease of the levels of the capital adequacy and liquidity parameters of the Bank as a result of the negative effects of the COVID 19 pandemic on the Bank's clients may influence

The complete text of the report is available on the 'BCRA-Credit Rating Agency' AD web site: https://www.bcra-bg.com/bg/ratings/bacb-rating

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