The National Rating Agency has affirmed its A- national scale creditworthiness rating on Russian Mortgage Bank (Moscow).
As the agency noted, the rating affirmation was driven by the lending institution's stable financial standing, high liquidity indicators that allow the bank to meet its obligations to clients on time and in full, and also by its profitable operation. Among positive factors NRA points to the consistent implementation of the bank's development strategy, business diversification and quite a conservative risk approach.
As for adverse factors putting pressure on the rating, the agency mentioned high concentration of funds on the largest clients in the bank's credit portfolio amid a simultaneous rise in 3rd and 4th quality category loans.