Moody's on April 29 assigned long-and short-term deposit ratings of Aa2/Prime-1 and long- and short-term issuerratings of Aa3/Prime-1.
Moody's also assigned the long- and short-term counterpartyrisk assessments of Aa1(cr)/Prime-1(cr) and baseline and adjusted baselinecredit assessments of "a2" to the bank. All the long-term ratingscarry a stable outlook.
The bank's BCA reflects its strong financial fundamentals, asound liquidity and funding profile and Liechtenstein's and Switzerland'seconomic environment to which the bank is mostly exposed. The BCA also takesinto account the operational and litigation risks that stem from the bank'sprivate banking operations as well as its asset quality that is below its peergroup average.
The bank's long-term issuer and deposit ratings take intoaccount the bank's baseline and adjusted baseline credit assessments, therating agency's advanced loss-given-failure analysis and the government supportfrom the Principality of Liechtenstein available to the bank.