TODAY.AZ / Business

Kapital Bank upgraded by Fitch and Moody's ratings

18 February 2007 [01:30] - TODAY.AZ
Fitch Ratings upgraded Azerbaijan's Kapital Bank to long-term BB-, 3 support rating and D/E individual rating.

Rauf Rzayev, Chairman of Management Board of the Bank, said Moody's assigned Ba2 long-term and Not Prime (NP) short-term foreign currency deposit ratings, Baa2 long-term and Prime-2 (P-2) short-term local currency deposit ratings and an E+ financial strength rating (FSR). All ratings carry stable outlooks. APA

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