Luxembourg Banks Ratings Affirmed Under Revised FI Criteria; Outlooks Stable

We have reviewed our ratings on two banks in Luxembourg under our revised "Financial Institutions Rating Methodology." We have affirmed the ratings on these banks, and the outlooks are unchanged. PARIS (S&P Global Ratings) Jan. 25, 2022--S&P Global Ratings today said that it has affirmed its issuer credit and issue credit ratings on the following Luxembourg-based banks. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," and "Banking Industry Country Risk Assessment Methodology And Assumptions," both published Dec. 9, 2021). Ratings affirmed: Banque et Caisse d'Epargne de l'Etat, Luxembourg, (AA+/Stable/A-1+). Banque Internationale à Luxembourg (A-/Stable/A-2; Resolution Counterparty Ratings: A/A-1).

...January 25, 2022 - We have reviewed our ratings on two banks in Luxembourg under our revised "Financial Institutions Rating Methodology." - We have affirmed the ratings on these banks, and the outlooks are unchanged. PARIS (S&P Global Ratings) Jan. 25, 2022--S&P Global Ratings today said that it has affirmed its issuer credit and issue credit ratings on the following Luxembourg-based banks. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," and "Banking Industry Country Risk Assessment Methodology And Assumptions," both published Dec. 9, 2021). Ratings affirmed: - Banque et Caisse d'Epargne de l'Etat, Luxembourg, (##+/Stable/A-1+). - Banque Internationale a Luxembourg (A-/Stable/A-2; Resolution Counterparty Ratings: A/A-1). Our outlooks on the two banks remain stable. Our assessments of economic risk and industry risk...

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