MC Bank Rus, a bank owned by Mitsubishi Motors, received an updated forecast from the Expert RA rating agency: it changed from stable to positive. The credit rating remained at 'ruA-', the agency said.
The current rating means that the bank has a moderately high level of creditworthiness and is financially stable, but nevertheless the organization remains quite sensitive to economic changes. The positive outlook suggests that the bank's rating may rise to ruA and ruA + levels in the near future. The next category - "AA" - high level of creditworthiness.
MC Bank Rus managed to improve its forecast because it recorded “growth in profitability and absorption of losses while maintaining asset quality”. The rating was supported by “a satisfactory assessment of market positions, moderately high asset quality, rapid growth of the loan portfolio, adequate capital stock and its ability to regenerate, as well as a high level of corporate governance”. In addition, the bank has the opportunity to receive financial support from Mitsubishi Motors.
According to Avto.ru, in January-September 2019, 29.2 thousand new Mitsubishi were registered in Russia, which is 4.7% more than a year ago. The brand's bestseller is the Outlander crossover. It accounts for more than half of the company's sales. About 40% of the brand's models are bought on credit from MS Bank Rus. You can make a preliminary calculation of the loan for the purchase of a new Mitsubishi and apply for it on the Auto.ru website directly in the ad with the car you like.