Moody's affirms Coop Pank's ratings and changes outlook to positive

The rating agency Moody's Ratings affirmed Coop Pank's Credit rating and raised outlook to positive. Long- and short-term deposit rating remained on the level of Baa2 and outlook changed to positive, from stable. According to Paavo Truu, CFO of Coop Pank, the affirmation of the credit rating at the current level confirms that the bank is trustworthy with solid capital base and high quality of the loan portfolio even in difficult times and has shown good profitability. “The affirmation of the...

Tallinn, 13/12/2024 (informazione.news - comunicati stampa - economia)

The rating agency Moody's Ratings affirmed Coop Pank's Credit rating and raised outlook to positive. Long- and short-term deposit rating remained on the level of Baa2 and outlook changed to positive, from stable.

According to Paavo Truu, CFO of Coop Pank, the affirmation of the credit rating at the current level confirms that the bank is trustworthy with solid capital base and high quality of the loan portfolio even in difficult times and has shown good profitability. “The affirmation of the rating and raising outlook to positive 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