Moody’s shifts LHV Pank view to stable

Moody’s Investors Service said it changed its outlook for AS LHV Pank to stable from positive and affirmed its Baa3 issuer and senior unsecured ratings.

“The stable outlook reflects Moody's view that during the next 12 to 18 months, the group's stand-alone assessment will remain robust despite a moderate deterioration in asset quality and profitability due to the challenging operating environment in Estonia,” the agency said in a press release.

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