Bank Of Baku

Fitch Ratings: Technikabank able to cope with refinancing risks

Fitch Ratings: Technikabank able to cope with refinancing risks
# 22 April 2009 13:25 (UTC +04:00)
Baku. Vugar Israfilov – APA-Economics. Fitch Ratings has affirmed Technikabank’s Long-term IDR: at ’B-’ (B minus); Outlook revised to Negative from Stable, Senior unsecured debt ’B-’(B minus); Recovery Rating at ’RR4’, Short-term IDR at ’B’, Individual Rating at ’D/E’ Support Rating at ’5’ and Support Rating Floor at ’No Floor’.


Fitch said the bank’s ratings reflect their material loss absorption capacity, which should enable them to cope with a moderate further increase in loan impairment, manageable refinancing risk and currently stable liquidity positions, although the latter are dependent on the stability of mostly short-term customer funding.


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