BSTDB has received a rating outlook upgrade from S&P

News | 12-Mar-2019

In its research update issued on March 8, 2019, Standard and Poor’s revised the rating outlook of the Black Sea Trade and Development Bank from ‘Stable’ to “Positive”. The upgrade was obtained on the prospects for BSTDB’s expected wider policy role after the adoption of the Bank’s Medium-Term Strategy and Business Plan and the BSTDB’s extremely strong financial profile, thanks to the Bank’s healthy capital adequacy and solid liquidity.

S&P recognized that BSTDB has outperformed its base-case lending targets recently, and that the heightened focus on public sector lending outlined in the Bank’s Strategy can enable BSTDB to enlarge its lending footprint and cement its policy role over 2019-2022.

S&P has affirmed their 'A-/A-2' ratings for BSTDB.