trending Market Intelligence /marketintelligence/en/news-insights/trending/jxr_us5l2g0pghspgy5h1q2 content esgSubNav
In This List

Moody's upgrades ING Bank Śląski

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Moody's upgrades ING Bank Śląski

Moody's on March 23 upgraded ING Bank Slaski SA's long- and short-term deposit ratings to A2/P-1 from A3/P-2 and revised the outlook on the long-term ratings to stable from positive.

The rating agency also upgraded the ING Groep NV unit's baseline credit assessment to "baa2" from "baa3," adjusted baseline credit assessment to "baa1" from "baa2" and long-term counterparty risk assessment to A1(cr) from A2(cr). The Polish unit's short-term counterparty risk assessment was affirmed at P-1(cr).

Moody's said the upgrades reflect the bank's solid track record and increasing diversification of its loan book. The stable outlook primarily reflects the agency's expectation of the bank's strong performance to continue on the back of the supportive operating environment in Poland.