Moody’s rates Raiffeisen Bausparkasse A1

Moody's Investors Service said it assigned A1/P-1 long- and short-term deposit, issuer and counterparty risk ratings to Raiffeisen Bausparkasse GmbH.

The outlook on the long-term deposit and issuer ratings is stable.

The agency assigned a baa3 baseline credit assessment, a baa2 adjusted baseline credit assessment and an A1(cr)/P-1(cr) counterparty risk assessment.

The agency noted that with total assets of €9.4 billion as of year-end 2022, Raiffeisen Bausparkasse is Austria's largest building and loan association.

Raiffeisen Bausparkasse is fully owned by Raiffeisen Bank International AG.

“Raiffeisen Bausparkasse's A1 long-term deposit and issuer ratings reflect its baa3 BCA, its membership in the institutional protection scheme (IPS) of RBG – which due to strong sector cohesion results in one notch of uplift for Raiffeisen Bausparkasse's baa2 adjusted BCA, three notches of uplift from Moody's advanced loss given failure analysis; and a one-notch rating uplift from government support, given its membership in the systemically relevant RBG,” the agency said in a news release.

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