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RusRating has changed the outlook of ZAO AKB "EXPRESS-VOLGA"’s credit rating from “stable” to “positive”. The rating itself is unchanged at “BB-”.

March 2, 2011 Cbonds
According to Elena Nikolayenko, Director of Methodology at the agency, the change in outlook from stable to positive reflects the expanding business and market positions of both ProbusinessBank and the LIFE group.

The rating is based on access to support from ProbusinessBank and membership in the LIFE group plus solid and moderately well-developed market positions at the regional level. Constraining factors include a concentrated funding base, modest asset diversification, and refinancing opportunities dependent on the financial stability of the LIFE group as a whole.
Company — BANK EXPRESS-VOLGA
  • Full name
    AO AKB "EXPRESS-VOLGA"
  • Registration country
    Russia
  • Industry
    Banks