Moody’s affirms rating of Asaka Bank

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Finance 27/01/2015 Moody’s affirms rating of Asaka Bank

Moody’s affirms rating of Asaka Bank

Tashkent, Uzbekistan (UzDaily.com) -- International rating agency Moody’s Investors Service affirmed ratings of state joint stock commercial bank Asaka (Asaka Bank) on 22 January 2015, the press service of the Uzbek bank said.

Earlier, Moody’s assigned standalone financial strength rating (BFSR) of E+ to the Asaka Bank, one of the largest banks of Uzbekistan.

The agency also assigned B2/Not Prime rating to long-term and short-term deposits in national currency to the Uzbek bank.

The bank’s rating for long-term and short-term deposits in foreign currency is B2/Not Prime. The outlook on ratings is stable.

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