2023-08-31 16:29:02
Zurich (awp) – Moody’s on Thursday confirmed its ratings and assessments of Valiant Bank at “A1/P-1” for long-term deposits and “Baa1/P-2” for long-term counterparty risk and short term, as well as the “stable” outlook.
In its argument, the rating agency emphasizes the great stability and growth of the Bernese group as a medium-sized universal bank, whose business model focuses on mortgage loans. “Valiant’s strong solvency profile is supported by the bank’s strong capitalization and improving profitability, thanks to increased net interest income following rate normalization,” Moody’s said.
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