Fitch affirms Azerbaijani Kapital Bank at ‘B+’
Azerbaijan, Baku, Feb.8 / Trend /
Global rating agency, Fitch Ratings, has affirmed the Long-term foreign currency Issuer Default Rating (IDR) of Kapital Bank at 'B+' with a Stable Outlook, the bank's press release says.
Fitch stresses Kapital Bank`s active participation in a number of important government projects, and Bank's important role in distributing pensions through the largest country-wide branch network.
At the same time, the rating also considers Kapital Bank's strong liquidity position, supported by largely matched asset and liability maturities.
The rating actions for Kapital Bank are as follows:
Long-term IDR: affirmed at 'B+'; Outlook Stable
Short-term IDR: affirmed at 'B'
Viability Rating: affirmed at 'b-'
Support Rating: affirmed at '4'
Support Rating Floor: affirmed 'B+'