Moody’s affirms NCC Bank

Moody's Investors Service said it affirmed NCC Bank Ltd.'s B1 long-term local and foreign currency deposit ratings.

Moody's also affirmed the bank's B1 long-term local and foreign currency issuer ratings, Not Prime short-term deposit and issuer ratings, and b2 baseline credit assessment and adjusted baseline credit assessment.

In addition, Moody's affirmed the bank's B1/NP local and foreign currency counterparty risk ratings, and B1(cr)/NP(cr) counterparty risk assessment.

The outlook is stable.

The agency said the affirmation reflects the bank's baseline credit assessment and one notch of rating uplift based on Moody's assessment that the bank will receive support from Bangladesh (Ba3 stable) in times of need.

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