Russian rating agency RAEX (Expert RA) has affirmed its creditworthiness rating on Bank Zerich at B+ (moderate creditworthiness), and maintained its developing rating outlook, which means the equal likelihood both of the rating being held at the current level and being revised over the medium term.
The rating remained under watch. The agency noted that the bank's rates of return remain low and credit portfolio coverage dropped.
Uncertainty about its further rates of return and credit portfolio coverage prompted the agency to keep the developing rating outlook unchanged and to leave the rating on watch.
