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).