Baku. Parviz Nuriyev – APA-Economics. Unibank’s assets exceeded $1 bln.
Fitch Ratings has affirmed the Long-term foreign currency Issuer Default Ratings (IDRs) of Azerbaijan-based Unibank at 'B'. The outlook has been revised to Positive from Stable, Reuters reported.
The affirmation reflects the bank's largely stable credit metrics and currently favourable broader economy, which is supported by high oil prices.
Moody's Investors Service has today changed to stable from negative the outlook on the B2 long-term foreign and local currency deposit ratings of Unibank. The standalone bank financial strength rating (BFSR) of E+ and Not-Prime short-term local and foreign currency deposit rating were affirmed.
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