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The upgrade of the bond program covered by Alpha Bank's home loans to "BB +" from "BB-" was previously entrusted to Fitch Ratings. The prospects for evaluation are stable.
The company notes that the valuation of the covered bonds is limited by a 27% overshoot of the guarantees that the bank is supposed to maintain compared to the calculation period ending on October 31st.
The outlook outlook is derived from the important "cushion" which offers a number of positive factors opposed to the deterioration of the long-term IDR position of Alpha Bank.
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