Moody’s Ratings affirms Šiaulių Bankas’ ratings and its stable outlook

The international rating agency Moody’s Investor Service has affirmed Šiaulių Bankas long-term deposit ratings of Baa1. The outlook on the long-term deposit ratings remains stable. 

“We are pleased that one of the most influential rating agencies has affirmed Šiaulių Bankas' historically high ratings and stable outlook. This affirmation bolsters our recent developments and demonstrates confidence in our long-term growth strategy for our investors,” states Vytautas Sinius, CEO of Šiaulių Bankas.

In its statement, Moody’s noted that baseline credit assessment reflects its strong capitalisation supported by healthy earnings, and sound liquidity buffers.

Moody’s is one of the most influential international credit rating agencies in assessing the ability of companies and governments to meet their debt obligations.

Additional information:

Tomas Varenbergas

Head of Investment Management Division