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Published on 7/26/2023 in the Prospect News Emerging Markets Daily.

S&P turns Ardshinbank view to positive

S&P Global Ratings today revised the outlook on Ardshinbank CJSC to positive from stable and affirmed its B+ long-term issuer credit rating on the bank.

“We think supportive economic conditions and sizable profits over 2022-2023 helped Ardshinbank to increase its provisioning and build capital buffers,” S&P said in a press release.

The agency said it expects Ardshinbank will continue improving its risk profile by resolving asset quality issues and keeping at least adequate capitalization.


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