20.07.2011 16:22

Moody's: Outlook of Credit Europe Bank NV changed to 'positive'; affirms Ba2 rating



Moody’s Investors Service, one of the world’s leading rating agencies, has changed its outlook for Credit Europe Bank NV to positive from negative. Moody’s has also affirmed the bank’s long-term debt and deposits rating at Ba2 and financial strength rating at D.

 

According to Moody’s, the ratings are supported by the bank’s sound capitalization, and profitability, satisfactory liquidity and asset quality.

 

 

 

The change of the outlook to ‘positive’ reflects, according to Moody’s, the overall stronger performance of the bank’s emerging market loan book compared to the banking systems’ it has presence in, where overall the asset quality deterioration remained contained, during the global recession. Moody’s expects Credit Europe Bank NV’s profitability indicators to continue to improve. 

 

 

 

Please find the full press release on the website of Moody’s as well as on the corporate website of Credit Europe Bank NV via

 

 

 

Background on Credit Europe Bank

 

 

 

Credit Europe Bank NV is an international financial services group with more than 6,000 employees serving over three million clients worldwide. The bank offers easy-to-use retail banking and SME-products as well as private banking through more than 11,000 sales points across nine European countries. It also offers trade finance and corporate banking services through its network in these countries as well in China and in the United Arab Emirates.