Moody's upgrades SNS Bank N.V.'s long-term deposit rating to A3 and senior unsecured debt rating to Baa1, positive outlook
London, 22 November 2016-- Moody's Investors Service, has upgraded SNS Bank N.V.' s long-term deposit rating to A3, from Baa1, and its senior unsecured rating to Baa1, from Baa2, with a positive outlook. SNS Bank's intrinsic financial strength has been upgraded to baa2 to reflect the improved credit fundamentals of the bank. SNS Bank's subordinated debt rating has also been upgraded to Baa3 from Ba1 and its long-term Counterparty Risk assessment has been upgraded to A1 from A2.
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