AK&M Rating Agency's Methodology Committee has approved a new version of the Credit Rating Methodology for Banks and their Debt Instruments

The amendments and additions to the rating methodology are primarily aimed at updating the loan portfolio quality assessment algorithm including the calculation of the level of overdue loans. Besides, the list of criterion parameters considered when analyzing the quality of the management system was extended. Finally, the Methodology Committee updated the list of performance indicators (stop factors) taken account of when adjusting the bank's basic creditworthiness level.

Within two months following the publication of this press release, the Agency will estimate the need to update the credit ratings for credit institutions assigned prior to the methodology revision.