Ibercaja improves its credit rating from the Moody’s agency

The rating agency Moody’s Investors Service has informed the National Securities Market Commission (CNMV) of a generalized rating increase for several financial entities , including Ibercaja .

Thus, Moody’s has improved the credit rating of Ibercaja Banco , SA ‘s long-term deposits to “Baa1” from “Baa2”, maintaining the stable outlook. In addition, the initial credit assessment is moved from “Baa3” to “Baa2”, and the subordinated debt rating is placed at “Baa3” from “Ba1”.

This rating increase is part of the improvement of the “ Macro Profile ”, which goes from “Strong-“ to “ Strong ”, as a result of the improvements in operating and credit conditions in Spain, which has a positive impact on the credit profile of the companies. Spanish financial entities . Likewise, the rating action reflects the recent change in the outlook from stable to positive for Spanish public debt.