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Fitch to revise AtaBank’s ratings


Fitch Ratings announced it will revise ratings of AtaBank in connection with the changes it made in methodology of assessment criteria of banks on December 20.

 

According to IBA’s press service, Fitch plans to use +/- modifiers for ‘ccc’ category. In accordance with this, bank’s long-term default rating, which is at ‘CCC’ and viability ratings (VR) at ‘ccc’ are planned to be revised.

 

Change of outlooks will be announced in 2018. Earlier, Fitch Ratings has upgraded IBA Long-Term Issuer-Default Rating to 'B-' from 'RD' (Restricted Default).

 

Furthermore, the agency may upgrade het bank’s ratings from ‘CCC/ccc’ to ‘CCC+/ccc+’, affirm at ‘CCC/ccc’ or downgrade to ‘CCC-/ccc-‘.  

 

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