trending Market Intelligence /marketintelligence/en/news-insights/trending/U8zs6dyUwx9ghHVVZrhCig2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

S&P revises outlook on VP Bank

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


S&P revises outlook on VP Bank

S&P Global Ratings on July 25revised the outlook on VP BankAG to stable from negative and affirmed the lender's long- andshort-term counterparty credit ratings at A-/A-2.

The ratings actions reflect the agency'sview that while VP Bank's risk position and stand-alone credit profile haveimproved due to management efforts, potential extraordinary support fromLiechtenstein will likely diminish by 2016-end when the Europe-wide bankrecovery and resolution directive is adopted in the country.

S&P incorporated transitionalone-notch negative adjustment in the ratings, reflecting that it could removethe one notch of systemic support by 2016-end if it sees a greater likelihoodof senior unsecured creditors incurring losses if the bank were to fail. Thestable outlook indicates that S&P is likely to remove both the downwardtransitional notch and the one notch of government support by 2016-end.

S&PGlobal Ratings and S&P Global Market Intelligence are owned by S&PGlobal Inc.