Aegean Baltic Bank S.A. (ABB) has abandoned its plans to undertake a broad restructuring of its business model and balance sheet because potential new investors pulled out in August. Although we see ABB's decision to halt its expansion plans into new markets as positive, we believe its significant business and single-name concentration makes it highly vulnerable to a sharply deteriorating economic environment. We are affirming our 'B/B' long- and short-term issuer credit ratings on ABB. The stable outlook reflects our expectation that ABB can contain the impact of a downturn on its financial profile and preserve its sound capitalization over the next 12 months, despite some expected asset quality and profitability deterioration. On Oct. 1, 2020, S&P Global Ratings affirmed
