Moody’s ups ATF Bank, view to stable

Moody’s Investors Service said it upgraded ATF Bank’s junior subordinated foreign-currency debt rating to Caa3 (hyb) from Ca (hyb), among other ratings.

“The upgrade of ATF Bank’s ratings is driven by the recent improvements in the bank’s asset quality, capital adequacy and profitability, translating into an overall stronger loss absorption capacity,” said Moody’s in a press release.

Moody’s also changed the outlook to stable from positive because it doesn’t see significant added strengthening of the bank’s overall solvency profile in the next 12-18 months.

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