Moody’s reviews three Slovenian banks

Moody's Investors Service said it placed the three largest Slovenian banks on review for upgrade, prompted by the agency's change of Slovenia's macro profile to "moderate" from "moderate-," as well as the continued improvement in the banks' credit fundamentals.

The agency placed all long-term ratings and rating inputs for Nova Ljubljanska banka dd, Nova Kreditna banka Maribor dd and Abanka dd on review for upgrade.

The Not-Prime short-term deposit ratings of banks captured by these actions were unaffected.

Moody’s said the strengthening of the macro profile reflects its assessment that the Slovenian banks' operating environment has benefited from a significant reduction in systemic risks underscored by the start of the privatization process of the largest banks in 2016 as well as gradual improvements in the banks' risk management practices in the past few years. The agency expects continued recovery in credit demand to support banks' lending growth and revenues, after several years of loan book contraction.

© 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.