EFG International's rating outlook has been upgraded by Moody's from "negative" to "stable," while its long-term issuer rating has been confirmed at "A3."
The bank's deposit rating has also been raised from "A1" to "Aa3," and the senior unsecured debt rating has been increased from "A3" to "A2." These positive changes reflect EFG's improvements in capitalization and profitability.
The bank is noted to have a strong buffer to handle potential reputational risks, legal disputes, or market challenges.