Piraeus Bank received a long-term credit rating uaAA on the national scale by RA Standard-Rating agency
Date of rating assignment: May 27, 2019.
Piraeus Bank received a long-term credit rating uaAA on the national scale according to the results of the evaluation by Standard-Rating.
The rating uaAA shows a high level of creditability compared with other borrowers or debt instruments.
In rating assigning process, the agency used the following indicators: the bank’s shareholders support, regulatory capital, loan portfolio quality, liquidity and profitability.
According to the Standard-Rating RA analysts conclusion, the ability of the bank to fulfill its obligations . to make profit and maintain the profitable activity under current macroeconomic situation is assessed fully positively.