Gorenjska Banka's Proposed Tier 2 Subordinated Notes Rated 'B+'

FRANKFURT (S&P Global Ratings) Oct. 9, 2025--S&P Global Ratings today said it assigned its 'B+' issue-level rating to the proposed €50 million Tier 2 nondeferrable, subordinated notes issued by Slovenia-based Gorenjska Banka d.d. (GB; BB+/Stable/--). The rating is subject to our review of the final issuance documentation. In accordance with our criteria for hybrid capital instruments (" General Criteria: Hybrid Capital: Methodology And Assumptions ", Feb. 10, 2025), the 'B+' issue rating reflects our analysis of the proposed instrument and our assessment of GB?s 'bb+' stand-alone credit profile (SACP). The issue rating is three notches below the SACP, due to the following deductions: Two notches because of the notes' contractual subordination with respect to the bank's senior obligations and the

...October 9, 2025 FRANKFURT (S&P Global Ratings) Oct. 9, 2025--S&P Global Ratings today said it assigned its 'B+' issue-level rating to the proposed 50 million Tier 2 nondeferrable, subordinated notes issued by Slovenia-based Gorenjska Banka d.d. (GB; ##+/Stable/--). The rating is subject to our review of the final issuance documentation. In accordance with our criteria for hybrid capital instruments ("General Criteria: Hybrid Capital: Methodology And Assumptions", Feb. 10, 2025), the 'B+' issue rating reflects our analysis of the proposed instrument and our assessment of GB's '##+' stand-alone credit profile (SACP). The issue rating is three notches below the SACP, due to the following deductions:...

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