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![Scope downgrades Black Sea Trade and Development Bank to BBB+ and revises Outlook to Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_3f93f554c92313956ab142c6d50799deac1f39465c81857701a8ad785d8a404c.jpg)
24/3/2023 Rating announcement EN
Scope downgrades Black Sea Trade and Development Bank to BBB+ and revises Outlook to Stable
The severe deterioration of the bank’s asset quality and earnings capacity following the Russia-Ukraine war drive the downgrade. High capitalisation, shareholder support, preferred creditor status, and prudent crisis management anchor the rating.
![Scope downgrades Black Sea Trade and Development Bank to A-/ Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_64624a3e5623f8b0951380728c287867f75d85d09d1bd00402593e57330f02b4.jpg)
1/4/2022 Rating announcement EN
Scope downgrades Black Sea Trade and Development Bank to A-/ Negative
The severe deterioration of the bank’s operating environment in the wake of the Russia-Ukraine war and the expected adverse impact on its asset quality drive the downgrade. Uncertainties over the bank’s asset performance drive the Negative Outlook.
![Scope assigns first-time rating of A to Black Sea Trade and Development Bank, with Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_3fdc3b5c80b2603eb196d054be9ac2ceee805d3a4f8f8d3cb3c9cfdb3feeff0d.jpg)
6/11/2020 Rating announcement EN
Scope assigns first-time rating of A to Black Sea Trade and Development Bank, with Stable Outlook
High capitalisation, sound liquidity profile, strong asset quality, well diversified portfolio, and profitability support the rating; shareholders’ limited ability to provide support, difficult operating environment and rising leverage are challenges.
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