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Moody’s confirms creditworthiness of LLB

8 Jul 2024
Vaduz - The rating agency Moody’s has confirmed its bank deposit rating of Aa2 for Liechtensteinische Landesbank (LLB). The issuer rating of Aa3 from last year was also maintained. Moreover, the outlook for both ratings has been set at stable.

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Moody’s has once again attested to the exceptional creditworthiness of LLB, as the bank, which is majority owned by the Principality of Liechtenstein, writes in a press release. As was the case last October, LLB received a bank deposit rating of Aa2 and an issuer rating of Aa3. With this exceptional bank deposit rating from Moody’s, LLB is right at the top of the league table of Liechtenstein and Swiss banks. In fact, it is «one of the banks with the highest ratings in the world», according to the LLB press release.

Moody’s confirmed the rating following LLB’s announcement that it has acquired 100 percent of Zürcher Kantonalbank Österreich AG, LLB states. The rating agency does not expect any significant reduction in the capital buffer in view of an expected decline in the core capital ratio (Tier 1) of around one percentage point. The most important financial metrics are likewise expected to continue developing in a solid manner. The outlook for both ratings has therefore been maintained at stable. ce/hs