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.
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.
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.
8/10/2021 Rating announcement EN
Scope affirms Black Sea Trade and Development Bank’s A rating with Stable Outlook
High capitalisation, strong asset performance, a well-diversified portfolio, and sound liquidity and funding profiles support the rating. Challenges include its operating environment and rising leverage.