LJUBLJANA (Slovenia), May 21 (SeeNews) – Standard & Poor's said it has raised the credit rating of Slovenia's Nova Ljubljanska Banka (NLB) to BBB- from BB+, with stable outlook stable - a move that takes NLB to the investment grade territory.
Industry risks in Slovenia's banking system have decreased because of the reduced state ownership of banks and stronger banking supervision, S&P said in a statement last week.
“NLB's financial profile remained sound and the key performance indicators in 2018 were largely in line with their expectations, while asset quality metrics improved faster than expected,” the rating agency explained.
Now NLB is rated investment grade by two major rating agencies, Standard & Poor’s and Moody’s.
Nova Ljubljanska Banka d.d. is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here