Moody’s upgrades NLB’s ratings
Rating agency Moody’s raised NLB’s long-term issuer credit ratings by one notch to A2/P-1 from A3/P-2 and its long-term senior unsecured ratings to A3 from Baa1. ...
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Today, on 8 March 2019, the Supervisory Board of NLB d.d. met for its 53rd meeting and confirmed the unaudited results of the NLB Group for 2018. NLB Group continued its trend of profitable and stable business operations, and generated a net profit of EUR 203.6 million. All subsidiary banks in the SEE markets reported solid profitability and contributed substantially to the Group’s result. For more details on the NLB Group performance in 2018, please refer to the Unaudited Annual Financial Statements 2018 and NLB Group Presentation which were published today. On Monday, 11 March, interested stakeholders will be able to follow the presentation of results by the Management Board in a live broadcast, which will be available here.
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Rating agency Moody’s raised NLB’s long-term issuer credit ratings by one notch to A2/P-1 from A3/P-2 and its long-term senior unsecured ratings to A3 from Baa1. ...
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