Today, Moody’s officially assigned J&T BANKA a Baa2 investment rating with a stable outlook. With this step, the Bank joins the ranks of the few elite companies in the Czech and Slovak republics having investment ratings. Among other things, Moody’s values the Bank’s well-established position in corporate financing, as well as its diversified and stable deposit base.
"Achieving an international rating is a big step for us. The investment grade rating opens up the opportunity for us to raise capital in European and global markets. Achieving such a rating is also a commitment for us in the future,", comments Štěpán Ašer, CEO of J&T BANKA.
Detailed Moody’s rating:
The international rating agency Moody’s has assigned a long-term deposits rating of Baa2 with a stable outlook and a short-term deposits rating of Prime-2. This is a prestigious, investment grade rating. Long-term obligations rated Baa represent a “moderate credit risk” as defined by Moody’s. Short-term obligations rated Prime-2 reflect the issuer’s “strong ability to repay” these obligations.