...On June 27, Moody's assigned (P)Baa1 junior senior unsecured ratings to Arbejdernes Landsbank A/S (AL Bank) new MTN programme. The assignment follows the action on May 31, when Moody's assigned deposit ratings of A2/P-1 to AL Bank and a Baseline Credit Assessment (BCA) and Adjusted BCA of baa2. The outlook on the long-term deposit ratings is stable. The deposit ratings reflect AL Bank's baa2 BCA, which captures the bank's very strong capitalization, along with a stable deposit base and high liquidity buffers, balanced against elevated asset risks, stemming primarily from the majority stake in Vestjysk Bank A/S (Vestjysk Bank), and volatile profitability. The ratings also reflect the strong loss protection given failure, because of significant amounts of loss-absorbing liabilities, as per our Advanced Loss Given Failure (LGF) analysis. The junior senior unsecured ratings reflect the BCA and one positive adjustment due to LGF....