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      Instrument data
      Senority
      Senior Unsecured
      Currency
      USD
      ISIN
      XS2305729175
      Coupon percent
      2.615%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      85,000,000
      Maturity date
      26/02/2031
      -
      WD Outlook: N/A
      WD
      Latest change
      Withdrawal
      08/12/2023
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: rating withdrawal due to other reasons
      Alvise Lennkh-Yunus Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope withdraws ratings on Black Sea Trade and Development Bank

      8/12/2023 Rating announcement EN

      Scope withdraws ratings on Black Sea Trade and Development Bank

      The withdrawal follows Scope’s decision to cease analytical coverage due to business reasons.

      Scope downgrades Black Sea Trade and Development Bank to BBB+ and revises Outlook to Stable

      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

      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

      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.

      Date Title