Moody’s revises SVC to stable

Moody's Investors Service said it changed the outlook of SVB Financial Group to stable from negative and affirmed its ratings.

SVB has an A3 senior unsecured debt rating and Silicon Valley Bank, its bank subsidiary, is rated C+/a2 for standalone bank financial strength/baseline credit assessment, A2 for long-term deposits and Prime-1 for short-term deposits. SVB Capital II is rated Baa2 (hyb) for preferred stock.

Moody's said it based the outlook change and rating affirmation on its view that SVB's high capital ratios and robust liquidity provide strong protection to creditors against the credit risks that come with its continued above average loan growth. The agency noted that although there has been some volatility in SVB's credit costs, its long-term asset quality metrics are strong and better than the median of its same-rated peers.

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