Announcements

    Drinks

      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 has completed a monitoring review on the Black Sea Trade and Development Bank

      28/7/2023 Monitoring note EN

      Scope has completed a monitoring review on the Black Sea Trade and Development Bank

      Monitoring review announcement

      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 takes no action on the Black Sea Trade and Development Bank

      24/2/2023 Monitoring note EN

      Scope takes no action on the Black Sea Trade and Development Bank

      Monitoring review announcement

      Scope takes no action on the Black Sea Trade and Development Bank

      9/9/2022 Monitoring note EN

      Scope takes no action on the Black Sea Trade and Development Bank

      Monitoring review announcement

      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 takes no action on the Black Sea Trade and Development Bank

      23/4/2021 Monitoring note EN

      Scope takes no action on the Black Sea Trade and Development Bank

      Monitoring review announcement

      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.