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Fitch upgraded NLB's credit rating

23rd Nov 2018 13:10

RNS Number : 3711I
Nova Ljubljanska Banka d.d.
23 November 2018
 

Date: 23.11.2018

 

Fitch upgraded NLB's credit rating

 

Today on 23th November 2018 rating agency Fitch upgraded NLB's Long-term IDR to "BB+" from "BB" and removed it from Rating Watch Evolving (RWE). The Outlook is Stable.

 

According to the agency, the upgrade reflects a significant improvement of NLB's financial profile in 2017-1H18 due to an extended track record of legacy impaired loan recoveries, stronger performance and solid capital and liquidity buffers. In Fitch's view, NLB's credit profile remained largely stable over the past six months and commensurate with a BB+ rating, while any potential risks that NLB would incur financial costs or operational restrictions related to initial privatization commitments have materially reduced.

 

Investor Relations

NLB d.d., Ljubljana

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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