Moody’s turns Luminor view to positive

Moody’s Investors Service said it changed its outlook for Luminor Bank AS to positive from stable and affirmed its Baa1 senior unsecured ratings.

The positive outlook on Luminor's long-term senior unsecured debt rating reflects the likelihood that the bank will refinance its maturing debt, without any additional erosion in its maturity profile, alongside further falls in legacy problem loans and continued improvements to profitability, Moody’s said.

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