29.06.2017Moody’s Upgrades Municipal Bank’s Deposit Ratings

Moody’s Investors Service, Moody’s has upgraded to Ba3 from B1 the long-term deposit ratings of Municipal Bank AD, reflecting Moody’s Advanced LGF analysis, which now provides a two-notch uplift compared to 2016.

Moody’s has also affirmed Municipal Bank’s b2 Baseline Credit Assessment. Municipal Bank’s Not-Prime short-term ratings and Ba2(cr)/Not-Prime(cr) Counterparty Risk Assessments were also affirmed. All ratings carry a stable outook.

According to Moody’s, further improvements in the operating conditions and the bank’s financial performance – specifically in asset quality and profitability metrics – and provided it maintains its strong capital ratios and deposit-based funding structure, would result in positive rating pressure.