EFG's deposit rating has been upgraded by Moody's from "A1" to "Aa3," along with an upgrade in its senior unsecured debt rating from "A3" to "A2." This upgrade reflects improvements in the bank's capitalization and profitability.
The rating outlook has been adjusted to "stable," indicating a strong financial position. The assessment also highlights EFG's ability to manage reputational risks, legal disputes, and market fluctuations. The bank's solid financial foundation positions it well to navigate challenges in the financial landscape.