LONDON: TBC Bank Group announced that on 28 March 2024, Moody’s Investors Service affirmed JSC TBC Bank’s Ba2 long-term local and foreign currency deposit ratings, as well as senior unsecured rating and revised the outlook from negative to stable.
The stable outlook on the senior unsecured and long-term deposit ratings is reflective of the agency’s expectation that the bank will continue to benefit from strong profitability which will continue to support capitalization, while maintaining solid liquidity, as well as Moody’s decision to affirm Georgian government’s long-term issuer rating of Ba2 and change its outlook from negative to stable.
Moody’s also raised TBC Bank’ s Baseline Credit Assessment (BCA) and Adjusted BCA from ba3 to ba2.
The long-term Counterparty Risk Ratings (CRRs) were also upgraded from Ba2 to Ba1 and the long-term Counterparty Risk Assessment (CR Assessment) from Ba2(cr) to Ba1(cr).
Moody’s upgrades Tritax Big Box REIT credit rating outlook to positive