Long-term rating of PASHA Bank has been affirmed

International Ratings Agency Fitch Ratings has affirmed PASHA Bank's long-term foreign currency Issuer Default Ratings (IDRs) - at 'B+', with a Stable Outlook.

Short-term foreign-currency IDR of the Bank has been affirmed at 'B', viability rating - at 'b+', support rating - at '5', support rating floor has been affirmed as 'No Floor'.

Let's recall that Ratings Agency affirmed PASHA Bank's ratings in September 2012. At the same time the International Ratings Agency Standard & Poor's assigned to the Bank the long-term rating at 'BB-' and short-term rating at 'B' with the rating outlook as "stable". This is the highest rating among all private banks of Azerbaijan with 100% local capital and the second best rating among all private banks of Azerbaijan.