Moody's upgrades NLB's long-term deposit ratings to Baa1 from Baa2, maintains stable outlook
October 6, 2020
Moody's Investors Service ("Moody's") has on 6th of October upgraded the long-term local and foreign currency deposit ratings of Nova Ljubljanska banka d.d. to Baa1 from Baa2.
The rating actions follow the recent upgrade of the Government of Slovenia's long-term issuer and senior unsecured bond ratings to A3 from Baa1. The outlook on the long-term deposit ratings remains stable which reflects the agency's view that the banks' credit profile will remain broadly stable over the next 12 to 18 months.
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