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Fitch Ratings affirms SDM-Bank at 'BB-' with Stable outlook

09.10.2017

October 5, 2017 Fitch Ratings affirmed the Long-Term IDRs of SDM-Bank at 'BB-' with Stable outlook.

The rating 'BB-' was assigned to the bank a year ago, on October 21, 2016, when Fitch Ratings upgraded the long-term issuer default rating (IDR) of SDM-Bank. Since the first rating in 2008, Fitch Ratings has repeatedly affirmed it or revised it upwards.

The affirmation of SDM-Bank reflects the bank’s stable financial performance through the credit cycle, in particular (i) stable asset quality, (ii) generally healthy performance, and (iii) reasonable capital buffers.

 

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