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Moody’s shifts BayernLB view to positive
Moody’s Investors Service said it revised its outlook for Bayerische Landesbank (BayernLB) to positive from stable and affirmed its Aa3 senior unsecured debt rating.
The agency noted BayernLB’s increased capitalization that places it positively against a background of growing industry-wide asset risks in a difficult operating atmosphere.
“The improvement in BayernLB's capital buffer has also been accompanied by a declining share of problem loans covered by sound loan loss reserve buffers, which have strengthened the bank's capacity to absorb future problem loan formation. The positive outlook further reflects Moody's expectation that the bank's liability structure does not change in a way that it would indicate a higher loss given failure than presently,” Moody’s said in a press release.
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