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Moody’s Ratings assigns first-time Baa1 long-term deposit ratings to Arab Bank Switzerland

By ABS Staff

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Moody’s Ratings has assigned first-time Baa1/P-2 long- and short-term deposit ratings to Arab Bank (Switzerland) Ltd. (ABS), alongside Baa3/P-3 issuer and counterparty risk ratings. The outlook on the bank’s long-term deposit and issuer ratings is stable.

The ratings reflect ABS’s “solid financial profile with moderate credit risks, strong capitalisation and low balance sheet leverage as well as ample liquidity,” supported by its “customer-driven, deposit-funded balance sheet and moderate profitability.”

Moody’s also highlighted the bank’s “small but growing wealth management franchise” and its expansion through recent acquisitions, which have diversified its customer base and supported strong growth in client assets.

Read the full ‘Rating Action’

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