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Standard and Poor’s Lowered by One Notch BSTDB Ratings Under Revised Criteria
News |
18-Jan-2013
On January 16, 2013, Standard & Poor's Ratings Services (S&P) lowered its foreign currency issuer credit ratings on the Black Sea Trade and Development Bank (BSTDB) by one notch - to 'A-/A-2' from 'A/A-1'. The outlook is stable. According to S&P, “the rating actions reflect the adoption of our revised criteria for rating multilateral lending institutions (MLIs) and not a recent deterioration in BSTDB's creditworthiness.”
