Rating

* Moody’s (16 February 2023): Moody’s rating agency has improved the Bank’s ratings by two notches, upgrading the Baseline Credit Assessment (“BCA”) to “b1” from “b3”, the long-term deposit rating to “Ba2” from “B1” and the subordinated debt rating to “B2” from “Caa1”. The long-term senior unsecured debt rating has been upgraded by three notches to “B1” from “Caa1”. The outlook on the long-term deposit and senior unsecured debt ratings has confirmed stable.

** Fitch (24 November 2022): the international rating agency Fitch Ratings has improved the Bank’s ratings, upgrading the Long-Term Issuer Default Rating (“IDR”) to “B+” from “B” and the Viability Rating (“VR”) to “b+” from “b”. The outlook has improved to “stable” from “evolving”. 

*** DBRS Ratings GmbH (15 June 2022):

DBRS Ratings GmbH rating agency has decided to confirm all BMPS ratings, including the Long-Term Issuer Rating of “B (high)”, the Long-Term Senior Debt Rating of “B (high)” and the Long-Term Deposits Rating of “BB (low)”. The trend on all ratings remains stable.

**** Long-Term Senior Unsecured Debt Rating