Moody’s Upgraded NLB's Credit Rating for two notches to the Investment grade
5 December 2018
Yesterday, on 4th December 2018, rating agency Moody's upgraded NLB's Long-term local and foreign-currency ratings to »Baa2« from »Ba1«. The Outlook remains Positive.
The rating action reflects Moody's assessment of further material progress made in terms of privatization of the bank. Furthermore, it reflects moderate reduction of legacy problem loans, while maintaining a strong problem loans coverage and strong capital cushion.