Long term **** ‘Ba3’ Long term 'BB' Long term 'BB (low)'
Outlook "Positive" Outlook “Stable” Outlook Stable"
Short Term '(P)NP' Short Term 'B' Short Term 'R-4'
Outlook   Outlook   Outlook “Stable”
Latest update: 21/11/2023 Latest update: 10/11/2023

Latest update: 17/05/2023


* Moody’s (21 November 2023): the rating agency has upgraded the Bank’s ratings by 1 notch, raising the standalone Baseline Credit Assessment (“BCA”) to “ba3” from “b1”, the long-term deposit rating to “Ba1” from “Ba2” and the long-term senior unsecured debt rating to “Ba3” from “B1”.

** Fitch (10 November 2023): the rating agency has improved the Bank’s ratings by 2 notch, upgrading the Long-Term Issuer Default Rating (“IDR”) to “BB” from “B+”, and the Viability Rating (“VR”) to “bb” from “b+”.


*** DBRS Ratings GmbH (17 May 2023): the rating agency has upgraded the Bank’s ratings by one notch, upgrading the Intrinsic Assessment (“IA”) and the long-term senior unsecured debt to “BB (low)” from “B (high)”, and the long-term deposit rating to “BB” from “BB (low)”. The subordinated debt rating has been upgraded by two notches to “B (low)” from “CCC”.


**** Long-Term Senior Unsecured Debt Rating

Last modified: 22/11/2023