ECONOMY

Moody’s to review BSTDB for upgrade

Moody’s Investors Service has placed on review for possible upgrade the Baa2 rating of the Black Sea Trade and Development Bank (BSTDB) in light of the bank’s improving financial fundamentals. The review will focus on the issues of shareholder support for the institution, asset quality and cofinancing opportunities. «A recent and positive influence on the bank’s credit fundamentals has been the rating upgrades of member countries Bulgaria, Turkey and Russia as it points to the quality of the institution’s capital,» said Joan Feldbaum-Vidra, Moody’s analyst for BSTDB.