Moody’s has upgradedlong-term deposit rating of
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Posted On: 10/24/2017 5:00:29 AM
Moody’s has upgradedlong-term deposit rating of Šiaulių Bankas up to the investment grade
Šiauliai, Lithuania, 2017-10-24 09:03 CEST (GLOBE NEWSWIRE) --
On 23 October 2017Moody’s Investors Service announced that it upgraded ratings of Šiaulių Bankas. Long-term deposit rating was improvedto Baa3from Ba1, the rating outlook adjusted to positive.
Moody's indicated that the higher rating was provided to Šiaulių Bankas due to improved operating environment in Lithuania, stable bank's profit indicators and increased capitalization.
Chief Executive Officer Vytautas Sinius
Deputy Chief Executive Officer Donatas Savickas provides additional information and is available on tel.: +370 41 595602.
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