On 4 may 2007, the international rating agency Moody's Investors Services Ltd upgraded the long-term credit rating of AS “PARITATE BANKA” from B2 to B1 based on Moody's assessment of parental support from PrivatBank (Ukraine). The Bank Financial Strength Rating (BFSR) has remained unchanged at E+. Forecast for changes of all ratings is stable. The stable forecast for the BFSR reflects the bank's fairly resilient market share, as well as improvements in the bank's profitability. About AS “PARITATE BANKA” AS “PARITATE BANKA” was established in 1992. This is a dynamic, developing and constantly improving bank that pays particular attention to the development of products that would be attractive for the Latvian citizens. As of 2002, “PrivatBank” - the leader of the Ukrainian banking sector - is the main shareholder of AS “PARITATE BANKA”. AS “PARITATE BANKA” is actively expanding its affiliate network and has opened 23 branches, settlement groups and customer service centres in Riga, Jelgava, Daugavpils, Liepaja, Valmiera, Rezekne, Ventspils, Cesis and Mersrags, as well as a foreign branch in Portugal (Lisbon) and a representative office in Italy (Rome). The bank offers a wide range of services to both private and corporate clients in Latvia and abroad. Key competitive advantages of AS “PARITATE BANKA” include a flexible approach to the Clients' needs, a competitive price policy, possibilities of long-term lending, mutually beneficial cooperation with foreign companies, which is made possible thanks to collaboration with such major banks as “PrivatBank” (Ukraine), “PrivatBank” (Cyprus) and “Moskomprivatbank” (Russia), as well as with AS “PARITATE BANKA” branch in Portugal and its representative office in Italy.