NEWS FEED
Zoom
10:14 19 January
TOP 5

Fitch to revise IBA ratings


Fitch Ratings announced it will revise ratings of the International Bank of Azerbaijan (IBA) 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 viability ratings (VR) at ‘ccc’ is 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).

 

Related news releases

VİDEO NEWS

PHOTO NEWS

  • Large amounts of foreign currency border crossing prevented
  • Unibank ends 2017 on profit
+2
EXCHANGE RATE
FOREX
/ 20 January, 2018

USD
1.7001
 
EUR
2.0849
 
RR
0.0301