BSTDB’s Credit Rating Upgraded to “A” by Standard and Poor’s

The Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to ‘A/A-1’ from ‘A-/A-2’. The outlook is stable.   The credit rating agency stated that the upgrade reflects the BSTDB’s confirmed policy relevance, illustrated by solid loan book growth over the past three years and a recent decision from ...

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