Fitch Ratings has retained long-term and short-term ratings of Andbank at ‘A-‘ and ‘F2′ levels respectively.
The statement points out the «stable» outlook, and notes that the preservation of ratings is determined by the «international profile and soundness of the bank and the growth of assets under management».
Fitch points out that the significant negative impact on Andbank’s capital, as the result of acquisition of Group Banco Inversis, is offset by the capital adequacy ratio, which made up in 20.8% in 2013.
Besides, the “financial profile and credit” of Andbank will remain unaffected, as evidenced by Support Rating and Support Rating Floors levels sat on ‘5’ and ‘NF’ respectively.
More information on the banking system of Andorra can be found here