Agusto & Co. upgrades the ratings assigned to Globus Bank Limited to “A” (long term) and “A1” (short term), with a stable outlook

Rating Release

Agusto & Co.  upgrades the ratings assigned to Globus Bank Limited (“Globus Bank” or “the Bank”) to “A” (long term) and “A1” (short term), with a stable outlook 

The rating expires on 30 June 2026. 

Agusto & Co. upgrades the ratings assigned to Globus Bank Limited (“Globus Bank” or “the Bank”) to “A” (long term) and “A1” (short term). The rating upgrade reflects the Bank’s good asset quality on the back of a conservative approach to risk asset creation. Strong shareholder support, which underpins the good capitalisation as well as good profitability and liquidity profiles collectively uphold the rating. However, the rating is constrained by obligor concentration, low market share and the challenging macroeconomic environment. A “3” ESG score has also been attached to the rating, reflecting our view that environmental, social and governance issues are material to the Bank’s credit risk profile.