Fitch has confirmed the ‘BBB’ rating with a stable outlook for Andbank, the entity explained in a statement this Friday.
The rating agency has highlighted as key factors for this assessment the international scale of the entity, its moderate risk profile, conservative liquidity management and specialization in private banking, among others.
He has also stressed that the entity’s default ratio is low, highlighting a lower exposure to the real estate sector “than its Andorran counterparts” and a higher proportion of ‘cash’ in its balance sheet.
