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    Uzbekistan Economics Finance

    Fitch assigns Uzbekistan's Kapitalbank 'B' rating with stable outlook

    Fitch assigns Uzbekistan's Kapitalbank 'B' rating with stable outlook

    Fitch Ratings has assigned Kapitalbank (KPBA) a B rating with a Stable outlook. These recent credit ratings under the Dodd-Frank Wall Street Reform and Consumer Protection Act are crucial for assessing Kapital Bank's financial stability and creditworthiness.

    Photo: Fitch assigns Uzbekistan's Kapitalbank 'B' rating with stable outlook
    Source: Fitch Rating

    Kapital Bank has been assigned the following ratings by Fitch:

    • Long Term Issuer Default Rating: B (Stable Outlook)
    • Short Term Issuer Default Rating: B
    • Government Support Rating: ns
    • Local Currency Long Term Issuer Default Rating: B (Stable Outlook)
    • Local Currency Short Term Issuer Default Rating: B
    • Viability Rating: b

    These ratings reflect Fitch's assessment of Kapital Bank's ability to fulfill its financial obligations and the potential for government assistance if needed.

    Fitch utilized its Bank Rating Criteria effective from March 15, 2024, to determine these ratings. The methodology considers various factors such as the bank's financial strength, risk profile, asset quality, and earnings performance. It emphasizes both intrinsic creditworthiness and potential external support.

    The methodology is underpinned by several key assumptions and principles:

    Fitch's approach focuses on relative vulnerability to default, differentiating between a bank's inherent creditworthiness and potential external support. It assesses downside risks without predicting specific default rates and evaluates the impact of key rating factors on the final rating. The assessment blends financial metrics with business risks and considers future performance and trends.

    Fitch acknowledges certain limitations of its ratings, including:

    The ratings do not predict specific default probabilities or assess market value or liquidity of securities. They also do not opine on issuer suitability as a counterparty.

    Factors that could influence future rating actions for Kapital Bank include changes in capital adequacy, asset quality, liquidity, and overall operating environment. Positive rating actions would necessitate sustained improvements across these metrics.

    Fitch affirms the quality and reliability of information used, obtained from public disclosures and supplemented by direct issuer inputs where necessary.

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    04.07.2024, 13:54   Comments (0)   1785
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