Lausanne, Switzerland, 22 May 2015 – Rating agency Moody’s yesterday announced that it had raised BCV’s long-term deposit rating by two notches, from A1 to Aa2. It also raised the Bank’s baseline credit assessment, which was lifted one notch, from a3 to a2. These upgrades reflect Moody’s new methodology for rating banks, which has been in place since March 2015.
In its announcement, Moody’s emphasized the quality of the Bank’s assets, as well as its solid capital base and strong profitability.
BCV’s management welcomes this decision, which is the result of the Bank’s intensive efforts over many years to enhance its financial quality.
Christian Jacot-Descombes, Press Officer
Tel.: + 41 21 212 28 61
Gregory Duong, Investor Relations
Tel.: +41 21 212 20 71
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The above text is a translation of the original French document; only the French text is authoritative.