ID Bank press release
Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.
It should be recalled that Moody’s recently affirmed IDBank’s long-term deposit ratings at Ba3, as well as the Bank’s ba3 Baseline Credit Assessment (BCA) and Adjusted BCA, highlighting its solid capital and liquidity buffers, high profitability and continued improvement in asset quality.
The positive outlook reflects the improving operating environment in Armenia, which could contribute to a further upgrade of the Bank’s ratings. According to Moody’s, IDBank will maintain strong solvency and liquidity over the next 12–18 months.
IDBank’s long-term deposit ratings and Baseline Credit Assessment (BCA) are at the same level as the sovereign issuer rating of Armenia.
THE BANK IS SUPERVISED BY THE CBA
Published by Armenpress, original at
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