Moody’s ups Kutxabank view to positive

Moody's Investors Service said it affirmed Kutxabank, SA's long-term deposit and senior debt ratings at Ba1 and changed the outlook to positive from stable.

The agency also affirmed the bank's baseline credit assessment (BCA) and adjusted BCA at ba1, short-term deposit ratings at Not-Prime and counterparty risk assessment at Baa2(cr)/Prime-2(cr).

Moody’s said the action reflects the positive pressure that could develop on Kutxabank's ratings if the improving trend observed on the bank's credit fundamentals – namely asset risk and capital – continues over the next 12 to 18 months.

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