Fitch Ratings affirms Trust Bank PJSC long-term and short-term rating
On December 14, 2020, Fitch Ratings-Moscow/London agency has affirmed the Long-Term Issuer Default Ratings (IDRs) in foreign and national currencies at “B” with the “Stable” forecast. The Short-Term IDRs in foreign and national currencies has been affirmed at “B”. Viability Rating has been affirmed at “b”.
The Long-Term Issuer Default Ratings (IDRs) is determined due to the independent creditworthiness of PJSB "Trustbank".
Fitch Ratings expects that the “Stable” forecast of the rating of PJSB “Trustbank” reflects further economic growth supported by government spending on industrial development and good consumption in the country, which will underpin lending and bank profitability in 2021.
Taking into account the economic conditions and the significant density of the banking environment in the country, the confirmation of the rating of PJSB “Trustbank” at the “B” level with the “Stable” forecast is a reflection of good and well-coordinated work of the Bank, as well as competent corporate governance and correct strategy.
Akhbor-Rating updated the credit rating of the Private Joint-Stock Bank Trustbank
“Ahbor-Reyting” was affirmed by the Private joint-stock bank “Trustbank” credit rating at the level of “UzA+” on the national scale with “Stabile” outlook according to the results of the second quarter of 2019.
The rating of “UzA+”indicates that the bank’s creditworthiness is at a very HIGH level, which results in a very low level of credit risk. The bank with the “UzA+” rating has a very high potential for its financial obligations to creditors, depositors and investors.
This rating assigned to the Private joint-stock bank “Trustbank” shows the rapid growth of the commercial network of the bank growth, high level of attention and image, risk management, liquidity position and capitalization status, and also reflects the steady growth of financial performance.