Moody's Investors Service has confirmed new ratings for Bigbank AS, downgrading the long-term bank deposit ratings to Ba1 from the previous Baa3 and the baseline credit assessment (BCA) and adjusted BCA to ba2 from the previous ba1. The outlook for long-term deposit ratings remains stable.
Moody's confirmed ratings for Bigbank:
- Long-term and short-term counterparty risk (CR) assessment Baa2(cr) and P-2(cr)
- Long-term and short-term counterparty risk rating (CRR) Baa2 and P-2
- Long-term foreign and local currency bank deposit ratings Ba1
- Short-term foreign and local currency bank deposit ratings NP
- Baseline credit assessment (BCA) ba2
- Adjusted BCA ba2
For more information: www.moodys.com
Bigbank AS (www.bigbank.eu) is an Estonian capital-based bank specialising in loans and deposits for private and business customers. In addition to operations in Estonia, the bank has branches in Finland, Sweden, Latvia, Lithuania, and Bulgaria and offers its products on a cross-border basis in Austria, Germany, and the Netherlands. Bigbank’s total assets exceed 2.5 billion euros.
Argo Kiltsmann
Member of the Management Board
Telephone: +372 5393 0833
E-mail: argo.kiltsmann@bigbank.ee
www.bigbank.ee
