Lausanne, Switzerland, 12 October 2011 – Rating agency Moody’s announced this morning that it has raised BCV's Bank Financial Strength Rating (BFSR) from C- to C, which maps to A3 on its long-term rating scale.
In upgrading the Bank’s “stand-alone” rating, Moody’s emphasized BCV’s well established franchise in Vaud Canton and in Switzerland, solid capitalization, sound liquidity and funding profile, along with the Bank’s improved risk-management systems and moderate risk appetite. Moody’s also affirmed its A1 long-term rating on BCV, with a stable outlook.
BCV’s management welcomes this announcement, which recognizes the Bank’s strong financial position and the ongoing efforts over the last several years.
Contacts
Christian Jacot-Descombes, Press Officer
Phone + 41 21 212 28 61
E-Mail christian.jacot-descombes@bcv.ch
Gregory Duong, Investor Relations Officer
Phone + 41 21 212 20 71
E-Mail gregory.duong@bcv.ch
This press release is being issued outside the trading hours of the SIX, Swiss Exchange in order to comply with the principles of ad hoc disclosure pursuant to the SIX listing rules.