Market announcement
AS LHV Group
LEI code
529900JG015JC10LED24
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
9012
Submission date and time
24.08.2021 16:52:01
Content of announcement in Estonian
Title
Moody’s omistas LHV Groupile investeerimisjärgu emitendireitingu
Message
Reitinguagentuur Moody's Investors Service väljastas AS-i LHV Group pikaajalistele kohalikus valuutas kohustustele emitendi reitingu Baa3 positiivse väljavaatega. See on esimene AS-ile LHV Group omistatud krediidireiting. Moody'se teatel väljendab emitendi reiting Baa3 LHV Groupi kui valdusettevõtte rolli, mille alla koondub peamine tütarettevõte AS LHV Pank. Pangal on varasemast ajast kehtiv Baa1 krediidireiting pangahoiustele. Reitinguagentuuri hinnangul on ettevõttel selge juhtimisstruktuur ja toimivad riskijuhtimise protsessid, mis väljenduvad madalas juhtimiriskis. Grupi krediidireiting on väljastatud positiivse väljavaatega, mis Moody'se teatel väljendab ootust, et panga krediidivõime jätkuvalt tugevneb. Reiting annab LHV Groupile parema ligipääsu rahvusvahelistelt kapitaliturgudelt rahastuse kaasamiseks. Teade reitinguagentuuri lehel: https://www.moodys.com/research/Moodys-assigns- Baa3-issuer-rating-to-LHV-Group-positive-outlook--PR_452805. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus ja LHV Kindlustus. LHV-s töötab üle 620 inimese. LHV pangateenuseid kasutab 290 000 klienti, LHV hallatavatel pensionifondidel on 174 000 aktiivset klienti ja LHV Kindlustusega on kaitstud 132 000 klienti. LHV Ühendkuningriigi filiaal pakub panganduse taristut enam kui 160 rahvusvahelisele finantsteenuste ettevõttele, mille kaudu jõuavad LHV makseteenused klientideni üle terve maailma. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (https://www.globenewswire.com/Tracker?data=Q9tZTWqNjAmBriamTiNDPTGnY- XI9EpB1w7nWdYOszLV4mxlQeYST6diAJxnybCacjwDSMPkIfxd_CG_HUEfaw==)
Content of announcement in English
Title
Moody’s assigns LHV Group an investment grade issuer rating
Message
The rating agency Moody's Investors Service assigned a Baa3 long-term local currency issuer rating to AS LHV Group, with a positive outlook. This is the first rating assigned to AS LHV Group. According to Moody's, the issuer rating of Baa3 reflects LHV Group's principle role as a bank holding company for its main operating subsidiary, AS LHV Pank. The bank has a current Baa1 rating on Bank Deposits. Moody's assessed that the group has a clear governance structure and processes in place to manage their risks, supporting Moody's view of low risk of governance failures. The outlook on LHV Group's issuer rating is positive. This reflects Moody's expectations that the bank continues to grow its creditworthiness. The rating allows LHV Group better access to funding from international capital markets. Announcement on rating agency's page: https://www.moodys.com/research/Moodys- assigns-Baa3-issuer-rating-to-LHV-Group-positive-outlook--PR_452805. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. LHV employs over 620 people. LHV's banking services are used by 290,000 clients, the pension funds managed by LHV have 174,000 active clients, and LHV Kindlustus protects a total of 132,000 clients. LHV's UK branch offers banking infrastructure to over 160 international financial services companies, via which LHV's payment services reach clients around the world. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (https://www.globenewswire.com/Tracker?data=mD3z5ZX32tZ30wvWT09LIzVysIFdBHKlsXAe r5Y9gfMoRS3f_rgPwkH9njhYyu4a_b26s5WH9hZTdH0y-O89ow==)