Moody's rates SID Bank Aa2

Moody's Investors Service said it assigned an issuer rating of Aa2 to SID Banka, d.d., Ljubljana (SID Bank).

The outlook is positive.

The ratings take into account the government of Slovenia's Aaa local-currency deposit ceiling, along with the bank's high support and high dependence on the sovereign, Moody's said.

The Slovenian government is firmly committed to supporting the bank, if necessary, the agency said. This view is supported by the fact that all liabilities of the bank are explicitly guaranteed by Slovenia and also takes into account the bank's full government ownership, Moody's added.

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