trending Market Intelligence /marketintelligence/en/news-insights/trending/kwmjk_ehz4tn3zmgxut5eq2 content esgSubNav
In This List

Moody's assigns 1st-time long-term issuer ratings to Zürcher Kantonalbank

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Moody's assigns 1st-time long-term issuer ratings to Zürcher Kantonalbank

Moody's on Feb. 19 assigned first-time Aaa long-term local- and foreign-currency issuer ratings to Zürcher Kantonalbank, with a stable outlook.

The agency said the assigned issuer ratings are based on the guarantee provided by the canton of Zurich, which owns 100% of the lender.

The stable outlook, meanwhile, reflects Moody's expectation that there will be no changes in the full ownership and statutory guarantee from the canton of Zurich over the next 12 to 18 months.

Moody's noted that the Swiss lender's other ratings are unaffected by the ratings action.