OLB Bank assigned investment-grade rating of Baa2 by Moody’s
Oldenburgische Landesbank AG (OLB) has undergone an official bank rating procedure for the very first time. OLB Bank was rated “Baa2 deposit and issuer rating (outlook stable)” by international agency Moody’s Investors Service. As a result, OLB Bank has already achieved “investment grade” status with its first rating. This outcome confirms the Bank’s good credit rating.
“In terms of market presence across Germany and against the backdrop of growth and the solid equity base of more than EUR 1 billion, OLB Bank has taken another important step in achieving this rating. We are very pleased with the first-time rating of Baa2,” says Dr Wolfgang Klein, Chief Executive Officer. The rating means that OLB Bank satisfies the requirements of many institutional and public business partners in particular.
Above all else, Moody’s positively emphasises OLB Bank’s solid capital base. In the eyes of the rating agency, OLB Bank also benefits from its high proportion of stable customer depos-its in refinancing.