05.07.2024 15:22:48 - dpa-AFX: EQS-News: Moody's confirms LLB's Aa2 rating / outlook stable (english)

Moody's confirms LLB's Aa2 rating / outlook stable


   Liechtensteinische Landesbank / LLB / Key word(s): Rating
   Moody's confirms LLB's Aa2 rating / outlook stable
   05.07.2024 / 15:22 CET/CEST
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   Vaduz, 5 July 2024 - The rating agency Moody's has again awarded
   its bank deposit rating of Aa2 to the Liechtensteinische
   Landesbank AG (LLB), with a stable outlook. This confirms the
   LLB's excellent creditworthiness.


   With a Moody's bank deposit rating of Aa2, the Liechtensteinische
   Landesbank is in the top league of Liechtenstein and Swiss banks
   and is one of the banks with the highest ratings in the world.
   The LLB's issuer rating of Aa3 is also very positive.


   The re-assessment of the rating by Moody's comes in the wake of
   the LLB's announcement to acquire 100 per cent of Zürcher
   Kantonalbank Österreich AG from Zürcher Kantonalbank and
   subsequently merge it with LLB Österreich.


   The agency's rating outlook for the LLB is stable. Moody's
   justification: "The stable outlook (.) reflects our expectation
   of a continued stable development of LLB's key financial factors
   and a largely unchanged liability structure."


   Important dates
     * Monday, 26 August 2024, presentation of the half year
       business result 2024


     * Wednesday, 16 April 2025, 33rd ordinary General Meeting of
       Shareholders


Brief portrait

   Liechtensteinische Landesbank AG (LLB) is the longest established
   financial institute in the Principality of Liechtenstein. The
   majority of the company's share capital is held by the
   Principality of Liechtenstein. LLB's shares are listed on the SIX
   Swiss Exchange (symbol: LLBN). The LLB Group offers its clients
   comprehensive wealth management services as a universal bank, in
   private banking, asset management and fund services. With 1'213
   employees (full-time equivalent positions), LLB is represented in
   Liechtenstein, Switzerland, Austria and the United Arab Emirates.
   As per 31 December 2023, the business volume of the LLB Group
   stood at CHF 102.2 billion.


   Contact
   Liechtensteinische Landesbank AG
   Cyrill Sele, Head Group Corporate Communications & Sustainability
   Telephone +423 236 82 09, E-Mail ir@llb.li, Internet
   http://www.llb.li


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   End of Media Release
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   Language: English
   Company: Liechtensteinische Landesbank / LLB
   Staedtle 44
   9490 Vaduz
   Switzerland
   Phone: +423 236 88 11
   Fax: +423 236 88 22
   E-mail: llb@llb.li
   Internet: www.llb.li
   ISIN: LI0355147575
   Valor: 35514757
   Listed: Regulated Unofficial Market in Frankfurt, Stuttgart; SIX
   Swiss Exchange
   EQS News ID: 1940745



   End of News EQS News Service
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1940745 05.07.2024 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
LIECHTENST. LDSBK NA SF 5 A2DYXV Frankfurt 73,500 08.07.24 08:05:49 +1,000 +1,38% 73,500 75,500 73,500 72,500

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