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Moody’s revises NIBC’s Outlook

Corporate News -

to ‘positive’; Baa1 affirmed

Moody’s Investor Service has revised NIBC’s outlook to ‘positive’ and affirmed the Baa1 long-term senior unsecured debt and deposit ratings of NIBC. This was announced in a press release from the rating agency on 21 March 2019.

According to Moody’s:
“The positive outlook on the senior unsecured and deposit ratings reflects Moody's view that the ratings could be upgraded if NIBC is able to sustain its current level of profitability and capitalisation over the coming 18 months while preserving sound asset performance and robust liquidity.”

Click here to read Moody’s press release on NIBC’s revision.

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