Kvika banki hf.: Moody’s confirms Kvika’s issuer- and deposit ratings; outlook stable
July 04 2024 - 7:38AM
Kvika banki hf.: Moody’s confirms Kvika’s issuer- and deposit
ratings; outlook stable
Moody’s Investors Service (“Moody’s”) today confirmed Kvika
banki hf.’s („Kvika“) long-term and short-term deposit ratings
of Baa1/P-2, the long-term issuer ratings of Baa2, and the Baseline
Credit Assessment (BCA) and Adjusted BCA of ba1.
The (P)Baa2 senior unsecured Euro Medium Term Notes (EMTN)
program ratings, and (P)Ba2 subordinated EMTN program ratings were
also affirmed. The junior senior unsecured EMTN program ratings
were upgraded to (P)Ba1 from (P)Ba2.
Kvika's long-term and short-term Counterparty Risk Ratings (CRR)
of Baa1/P-2. Moody’s outlook on Kvika’s rating remains stable.
For further information please contact Kvika‘s
investor relations at ir@kvika.is or via telephone (+354)
540-3200.
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Rating_Action-Moodys-Ratings-affirms-Kvika-04Jul2024-PR_492680