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.

You can find out more here.

NLB Communications