Moody’s upgraded two notches the long-term debt rating of Banque Cantonale Vaudoise (BCV) to “Aa2″ against “A1″ before, said the facility Friday. The prospect was confirmed at “stable”. This comes after a change in rating methodology of the banking sector by the rating agency that has reviewed the notes of 12 Swiss groups.
The British agency also affirmed the debt rating short-term “Prime-1″ from the Lausanne institution, she said in a separate statement. Moody’s has motivated the improvement of the note by the BCV “the quality of the balance sheet of the bank, the high level of its capital base and strong profitability,” according to a statement.
Overall The agency has revised upward the ratings of ten Swiss banks and confirmed the ratings of both institutions. The ratings of Credit Suisse and UBS have yet to be published by the end of the first half. Julius Bär has been embellished to “Aa2″ against “A1″ previously Vontobel happened to “Aa3″ from “A2″, the Berner Kantonalbank is mounted by three notches to “Aa1″, Raiffeisen one notch to ” Aa2 “Pictet one notch to” Aa2 “, Banque Syz three levels” A2 “, BSI by two notches to” A2 “and Clientis one notch to” A2 “.
notes of the Zurich Cantonal Bank and that of St Gallen have established respectively “Aaa” and “Aa1″.
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