Standard Poor’s affirms rating of PASHA Bank

Baku, December 9, AzerTAc International rating agency Standard Poor’s has affirmed again the rating of one of the largest banks of Azerbaijan - PASHA Bank: long-term ’BB-’ and short-term ’B’, rating change outlook – “Stable”. According to the Bank, this is the highest and the second best rating among all private banks in Azerbaijan with 100 per cent local capital.