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Moody’s affirms Bank Julius Baer’s and Julius Baer Group’s ratings and changes its outlook to stable. Bank Julius Baer’s a2 baseline credit assessment (BCA) is also affirmed.
Moody’s Investors Service (Moody’s) has today affirmed Bank Julius Baer & Co. Ltd.’s (BJB; the Bank) Aa2/P-1 long- and short-term deposit ratings and A2 long-term issuer ratings and changed the outlook on the long-term ratings to stable from negative. The rating agency further affirmed the Bank’s Aa3 (cr)/P-1(cr) Counterparty Risk Assessment (CR Assessment) as well as its a2 baseline credit assessment (BCA) and a2 Adjusted BCA.
Furthermore, Moody’s affirmed Julius Baer Group Ltd.’s (JBG; the Group) A3 long-term issuer rating and changed the outlook to stable from negative. The Group’s A3 subordinated debt rating as well as the Baa3 (hyb) ratings assigned to the Group’s high-trigger additional Tier 1 (AT1) securities were also affirmed.
For more details, refer to the official media release by Moody’s (on the right).