Our view of Aegean Baltic Bank's (ABB's) creditworthiness primarily reflects the high economic risks it faces, its business concentration in the shipping segment, and its lack of critical mass compared with domestic and international peers'. At the same time, we believe ABB benefits from its strong, high-quality capitalization and the management team's quality and experience. We are assigning our 'B/B' ratings to ABB. The stable outlook reflects our belief that ABB will be able to preserve its current credit strengths over the next 12-18 months, namely its sound capitalization, while pursuing its strategy to increase lending to businesses in Greece. On March 1, 2019, S&P Global Ratings assigned its 'B' long-term and 'B' short-term issuer credit ratings to Greece-based Aegean
