Vorarlberger Landes- und Hypothekenbank AG -- Moody's affirms Vorarlberger Landes- und Hypothekenbank AG's ratings, outlook changed to stable from negative

Frankfurt am Main, April 25, 2016 -- Moody's Investors Service has today affirmed the long-term debt and deposit ratings of Vorarlberger Landes- und Hypothekenbank AG (VLH) at Baa1 as well as its backed long-term debt and deposit ratings at A3, and changed the outlook to stable from negative; the rating agency has also affirmed VLH's subordinated debt program rating at (P)Ba1 and its backed subordinated debt at Baa3. Moody's has affirmed the bank's short-term deposit ratings at Prime-2, its backed short-term deposit ratings at Prime-2, VLH's standalone baseline credit assessment (BCA) and adjusted BCA at baa3, and its Counterparty Risk (CR) Assessment (CR Assessment) at A3(cr)/Prime-2(cr).

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