BICRA On Slovenia Revised To Group '6'; Nova Ljubljanska Banka Upgraded To 'BB'; Outlook Still Positive - S&P Global Ratings’ Credit Research

BICRA On Slovenia Revised To Group '6'; Nova Ljubljanska Banka Upgraded To 'BB'; Outlook Still Positive

BICRA On Slovenia Revised To Group '6'; Nova Ljubljanska Banka Upgraded To 'BB'; Outlook Still Positive - S&P Global Ratings’ Credit Research
BICRA On Slovenia Revised To Group '6'; Nova Ljubljanska Banka Upgraded To 'BB'; Outlook Still Positive
Published May 12, 2017
7 pages (2790 words) — Published May 12, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Robust domestic growth, a rapid decrease of nonperforming loans, and a faster-than-expected decline of credit costs have improved our Banking Industry Country Risk Assessment (BICRA) for Slovenia to group '6' from group '7'. These tailwinds also strengthen the creditworthiness of Nova Ljubljanska Banka (NLB), fostering improvements in the bank's earnings generation capacity and supporting further transformation of the bank. We also note that NLB's liquidity profile has strengthened on the back of solid liquidity buffers and waning dependence on short-term wholesale funding. We are therefore raising our long-term counterparty credit rating on NLB to 'BB' from 'BB-' and are affirming the short-term rating at 'B'. The positive outlook on NLB reflects our continued positive assessment of economic prospects in Slovenia

  
Brief Excerpt:

...+ Robust domestic growth, a rapid decrease of nonperforming loans, and a faster-than-expected decline of credit costs have improved our Banking Industry Country Risk Assessment (BICRA) for Slovenia to group '6' from group '7'. + These tailwinds also strengthen the creditworthiness of Nova Ljubljanska Banka (NLB), fostering improvements in the bank's earnings generation capacity and supporting further transformation of the bank. + We also note that NLB's liquidity profile has strengthened on the back of solid liquidity buffers and waning dependence on short-term wholesale funding. + We are therefore raising our long-term counterparty credit rating on NLB to '##' from '##-' and are affirming the short-term rating at 'B'. + The positive outlook on NLB reflects our continued positive assessment of economic prospects in Slovenia that, in our view, will continue to support improvements in NLB's asset quality and internal capital generation capacity over the next year. FRANKFURT (S&P Global Ratings)...

  
Report Type:

Ratings Action

Ticker
1000Z@SV
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BICRA On Slovenia Revised To Group '6'; Nova Ljubljanska Banka Upgraded To 'BB'; Outlook Still Positive" May 12, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/BICRA-On-Slovenia-Revised-To-Group-6-Nova-Ljubljanska-Banka-Upgraded-To-BB-Outlook-Still-Positive-1847897>
  
APA:
S&P Global Ratings’ Credit Research. (). BICRA On Slovenia Revised To Group '6'; Nova Ljubljanska Banka Upgraded To 'BB'; Outlook Still Positive May 12, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/BICRA-On-Slovenia-Revised-To-Group-6-Nova-Ljubljanska-Banka-Upgraded-To-BB-Outlook-Still-Positive-1847897>
  
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