18/09/2012
PASHA Bank, a leading investment and corporate bank in Azerbaijan, has been issued a long-term Issuing Bank Default Rating (IBDR) of "B+" and a prognosis of "Stable" by international ratings agency Fitch.

Additional guidance was given of: short-term IBDR as "B", a sustainability rating of "b+", a maintenance rating of "5", and a maintenance level of long-term IBDR as "no level of maintenance". Fitch ratings specialists took financial indicators such as capital, level of liquidity, and profitability into consideration in developing the rating.

Last week, ratings agency Standard & Poor's issued PASHA Bank with Long- and Short-term Contractor Credit Ratings of "BB-/B" and a prognosis of "Stable".