Standard & Poor's affirms rating of PASHA Bank

Standard & Poor'sInternational rating agency affirmed again rating of one of the biggest banks of Azerbaijan PASHA Bank as long-term ’BB-’ and short-term ’B’, with rating change outlook as "Stable".

This is the highest rating amongst all private banks in the country with 100% local capital, and the second best rating among all private banks of Azerbaijan.

It also should be noted that, this rating agency assigned rating to PASHA Bank in September 2012, and confirmed in December, 2013.