Following the closing of the acquisition of OLB by Crédit Mutuel Alliance Fédérale via the holding company TARGO Deutschland GmbH, which is owned by Banque Fédérative du Crédit Mutuel, Moody’s upgrades OLB’s long-term deposit, senior unsecured, and long-term issuer ratings to A3 from Baa1.
Since 21 March 2025 OLB’s ratings were on review for upgrade. Today, Moody’s resets the outlooks to ‘positive’, reflecting the confidence in OLB's strong financial position and its demonstrated resilience in asset quality in a challenging economic environment.
"This is testament to our strong and continued track record," says Dr Rainer Polster, CFO of OLB. "The upgrade confirms the success of our strategic initiatives and is also considering the fact that OLB is now part of the strong Crédit Mutuel Alliance Fédérale banking group."
Looking ahead, the positive outlook on OLB's ratings reflects Moody's expectation of continued fundamental strength, supported by prudent risk management practices, high profitability and adequate liquidity buffers, all remaining in OLB’s strategic focus. Thus, the Bank is committed to delivering value to its customers and stakeholders.
