Fitch Ratings and Standard & Poor"s affirmed the credit ratings of PASHA Bank

BAKU/27.12.13/TURAN : Leading international rating agencies Standard & Poor's and Fitch Ratings affirmed the ratings of PASHA Bank.

As stated in the bank , Fitch Ratings affirmed the long-term issuer default rating ( IDR ) of the Bank at "B +", Short-term IDR - at the level of "B", rating outlook - "stable" .

In turn , Standard & Poor's long-term IDR affirmed at PASHA Bank , Short-term IDR - at , rating outlook - "stable" .

This is the highest rating among all private banks in the country with a 100% local capital and the second-best rating of all private banks of Azerbaijan , noted in the bank .

PASHA Bank is part of the Group PASHA - a major investment holding company in Azerbaijan , widely represented also in sectors such as insurance, construction, construction materials , tourism and other business areas.  -15D -

 

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