Standard & Poor’s maintains “A–” rating for VP Bank and improves outlook to “Stable”
Standard & Poor’s, the rating agency, has confirmed VP Bank’s excellent “A–” rating, and the outlook has been raised from “Negative” to “Stable”. The confirmed rating and improved outlook take account of the operational progress made by VP Bank and its prudent risk management as well as its very strong capitalisation and the successful integration of Centrum Bank. Standard & Poor’s assessment acknowledges VP Bank’s ability to generate profitable growth without any negative impact on capitalisation.
VP Bank is therefore once again rated “A–/Stable/A-2”, as it used to be up to mid-2014. This excellent rating acknowledges VP Bank Group’s robust and successful business model. VP Bank is one of the few private banks in Liechtenstein and Switzerland to be rated by an international rating agency.
The current rating report from Standard & Poor’s is available as a PDF at the end of this news release.