trending Market Intelligence /marketintelligence/en/news-insights/trending/i4J5UVKiegdlHUje1QpqiQ2 content esgSubNav
In This List

Moody's acts on Volksbank Wien

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Moody's acts on Volksbank Wien

Moody's on Oct. 17 upgraded Volksbank Wien AG's long-term deposit ratings to Baa1 from Baa2 and changed the outlook to stable from ratings under review, concluding a review initiated Sept. 19.

At the same time, the rating agency affirmed the bank's P-2 short-term deposit rating and A2(cr)/P-2(cr) long- and short-term counterparty risk assessments.

The upgrade reflects the shift in the bank's funding structure due to the recent issuance of €400 million of subordinated debt, which will increase the cushion for depositors to absorb losses in the event of resolution and will reduce the expected loss severity for such liabilities.

Meanwhile, the agency said the stable outlook reflects its view of immaterial changes to the bank's liability structure over the 12- to 18-month outlook horizon, as well as its expectation of a stable baseline credit assessment.