Economia
Moody’s affirms Coop Pank’s ratings and positive outlook
The rating agency Moody’s Ratings affirmed Coop Pank’s Credit rating at current level with positive outlook. Long- and short-term deposit rating remained on the level of Baa2 and rating outlook remained positive.
According to Paavo Truu, CFO of Coop Pank, the affirmation of the credit rating and positive outlook at the current level confirms that the bank is trustworthy with solid capital base, good profitability and high quality of the loan portfolio. “The affirmation of the rating and positive outlook gives private individuals and businesses additional confidence to become a customer of Coop Pank and keep their money in a domestic financial institution," said Truu.
Ratings affirmed by Moody's Ratings for Coop Pank AS:
The long-term deposit ratings carry a positive outlook.
The announcement on the report prepared by Moody’s can be found at https://ratings.moodys.com/ratings-news
Additional information:
Paavo Truu
CFO
Phone: +372 5160 231
E-mail: paavo.truu@cooppank.ee
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti