News by tag: Moody's

Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.

Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.

IIB decided to go another step forward in the capital market funding strategy and tap the outstanding April 2021 CZK Floater with an amount of 249 m, totaling to CZK 750 m. Erste Group, the Lead Manager of the transaction indicated that a Czech investor who already held IIB’s issues in its portfolio, is very much interested to increase its exposure on IIB. In spite of the volatile capital market environment, on the back of the rating upgrade of IIB to A3 by Moody’s, the increase of the debut…  Read more
Moody’s Investors Services upgrades IIB to A3

Moody’s Investors Services upgrades IIB to A3

On April 30, 2018, Moody’s Investors Services took another positive action on International Investment Bank as it upgraded IIB’s long-term rating to A3 stable. The report states that, “the main drivers for the rating upgrade are IIB’s improvement in asset quality, more robust risk management systems, an increasingly diversified loan book and funding strategy and the strengthened credit quality of its treasury portfolio”. Moody’s underline that IIB’s new medium-term strategy will likely…  Read more
Moody’s Investors Service changed the rating outlook on IIB to positive from stable

Moody’s Investors Service changed the rating outlook on IIB to positive from stable

On May 5th, 2017, Moody’s Investors Service changed the rating outlook on the International Investment Bank (IIB) to positive from stable and affirmed the IIB’s Baa1 issuer and debt ratings. According to the Moody’s official statement, change of the outlook was due to the following main drivers:“the increased diversification of the IIB’s loan portfolio and the maintenance of relatively strong asset quality”, “the improved credit quality of the IIB’s treasury portfolio” and “the increased…  Read more
Moody’s updates credit opinion on IIB

Moody’s updates credit opinion on IIB

On March 24, 2016, the international rating agency Moody’s Investors Service updated its credit opinion on the International Investment Bank (IIB), thus confirming its stable financial position at the time of deteriorating external operating circumstances. On March 19, 2015, the Bank was assigned the rating of «Baa1» with a stable outlook. IIB’s investment rating and its stable outlook amid the ongoing degradation of the operating environment shows the reliability and the foothold of the…  Read more
IIB’s rating changed to Baa1 by Moody’s in light of deteriorating operating environment, with a stable outlook

IIB’s rating changed to Baa1 by Moody’s in light of deteriorating operating environment, with a stable outlook

Rating agency Moody’s Investors Service yesterday changed the rating of the International Investment Bank from A3 to Baa1 for the first time since its initial assessment of the IIB in August 2014, keeping its outlook at stable. Moody’s cited as the main rationale behind this decision the worsening growth prospects of Russia, downgraded by the agency three times between August and present (October 2014, January 2015 and February 2015; currently…  Read more