YEREVAN, August 6. /ARKA/. The international rating agency Moody’s Ratings has changed the outlook on the long-term ratings of IDBank’s deposits from stable to positive, the bank’s press service reported:
It should be noted that recently Moody’s confirmed the long-term ratings of IDBank’s deposits at Ba3, as well as the bank’s baseline credit assessment (BCA) and adjusted BCA rating at ba3, noting strong capital and liquidity buffers, high profitability, and continuous improvement in asset quality:
The positive outlook reflects an improvement in the operating environment in Armenia, which may contribute to further upgrades of the bank’s ratings. According to Moody’s, over the next 12-18 months, IDBank will maintain high solvency and liquidity indicators:
It is worth mentioning that IDBank’s long-term deposit ratings and baseline credit assessment (BCA) are at the same level as the sovereign rating of the Republic of Armenia:
The bank is regulated by the Central Bank of Armenia:
