Moody’s upgrades Aktia Bank’s deposit and senior unsecured ratings to A1, stable outlook

Aktia Bank Plc
Stock exchange release
2.7.2018 at 9 am

Moody’s upgrades Aktia Bank’s deposit and senior unsecured ratings to A1, stable outlook

Moody’s Investors Service has upgraded the long- and short-term deposit ratings of Aktia Bank to A1/P-1 from A3/P-2 and the long-term senior unsecured rating to A1 from A3. The baseline credit assessment (BCA) was upgraded to a3. Furthermore, the foreign and local currency counterparty risk ratings (CRR) were upgraded to Aa3/P-1, and the long- and short-term counterparty risk (CR) assessments were upgraded to Aa3(cr)/P-1(cr). The outlook on the long-term deposit and senior ratings was changed to stable from positive.

According to Moody´s the primary driver of the rating upgrade is the consistent improvement in Aktia Bank’s standalone financial performance over the last two years, including a successful diversification of the bank’s income mix, through the expansion of its asset management business.

- The rating improvement reflects the work we have done to shift the income mix more towards Asset Management as well as to improve the cost efficiency through reorganization of operations and cost restructuring, says Outi Henriksson, CFO.

Moody’s release is available on our website (www.aktia.com) under Investor Relations > Debts Investors and Rating.

Aktia Bank Plc

For more information, please contact:
CFO Outi Henriksson, tel. +358 10 247 6236
Head of Treasury, Timo Ruotsalainen, tel. +358 10 247 7211

Distribution:
Nasdaq Helsinki
mass media
www.aktia.com

Aktia provides a broad range of solutions within banking, asset management, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 380,000 customers who are served at branch offices and via web, mobile interfaces as well as telephone services. Aktia's share is listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com.