S&P affirms International Investment Bank

S&P said it affirmed International Investment Bank’s A- ratings. The outlook is stable.

“We expect that a global economic slowdown will somewhat delay IIB's progress in repositioning itself as a diversified European institution,” the agency said in a news release.

“We expect the bank's fundamental credit strengths – particularly its capital buffers and contained risk appetite – to protect it from the most severe impacts of anticipated economic volatility.”

The A-2 short-term issuer credit rating was also affirmed.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.