trending Market Intelligence /marketintelligence/en/news-insights/trending/wtb9m-IBd9ckDoia2KyZEQ2 content esgSubNav
In This List

Moody's upgrades Kutxabank

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Moody's upgrades Kutxabank

Moody's on April 28 upgraded to Ba1 from Ba2 's long-term depositand senior debt ratings, with a stable outlook.

The rating agency also raised to "ba1" from"ba2" the bank's baseline and adjusted baseline credit assessmentsand to Baa2(cr)/Prime-2(cr) from Baa3(cr)/Prime-3(cr) its long- and short-termcounterparty risk assessments.

The upgrade of the bank's baseline and adjusted baselinecredit assessments, which reflects improvement in the bank's creditfundamentals especially in terms of asset risk and capital, underpins theoverall ratings action that also takes into account enhancement in the bank'scapital buffers.

However, the BCA also reflects constraints the bank faces,including its high level of problematic exposures and pressures on its revenuesdue to its focus on the mortgage sector at a time when Spain has very lowinterest rates and subdued business volumes.