Moody's Investors Service renewed the credit rating of AS LHV Pank. The
investment-grade credit rating with a stable outlook was affirmed at the same
level as a year ago.
Ratings assigned to AS LHV Pank by Moody's Investors Service:
* Long- and short-term counterparty risk assessment of A3(cr)/Prime-2(cr)
* Long- and short-term counterparty risk rating of A3/Prime-2
* Foreign- and local currency long-term bank deposit rating Baa1
* Foreign- and local currency short-term bank deposit rating Prime-2
* Baseline credit assessment (BCA) baa3
* Adjusted baseline credit assessment baa3
* The long-term deposit rating carries a stable outlook
When assigning the ratings, Moody's assessed the quality and creditworthiness of
the obligations of LHV Pank as well as the condition of the Estonian banking
sector. With these ratings, Moody's confirms that the financial profile of LHV
is strong, as is its ability to serve the assumed obligations.
Additional information: www.moodys.com (http://www.moodys.com)
LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. There are
over 430 people working at LHV and 202,000 clients are using its banking
services. Pension funds managed by LHV have about 177,000 active clients.
Priit Rum
Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee (mailto:priit.rum@lhv.ee)
|