Moody"s Investors Service has upgraded several ratings for Raiffeisen Switzerland, reflecting the bank"s improved financial strength and diversified revenue streams.
The ratings for long-term deposits have been raised, indicating the bank"s strong performance and efforts to reduce reliance on traditional revenue sources.
Moody"s also upgraded Raiffeisen"s credit ratings, highlighting the institution"s commitment to improving its financial resilience.
The ratings upgrade is attributed to the bank"s successful diversification of revenue sources, particularly in corporate and institutional lending and asset management activities.
Despite potential risks associated with concentration in the residential real estate market, Raiffeisen"s assets remain of high quality.
Moody"s has also enhanced the bank"s counterparty risk ratings, reflecting its stability and effective risk management strategies.
The confirmation of all short-term ratings and assessments further solidifies Raiffeisen Switzerland"s position in the financial sector.
The positive outlook for unsecured long-term deposits indicates confidence in the bank"s ability to adapt and thrive in the current economic landscape.