Moody's Ratings affirms St.Galler Kantonalbank AG's Aa1 deposit and Aa2 senior unsecured debt ratings, outlook remains stable
Moody's Ratings (Moody's) has today affirmed St.Galler Kantonalbank AG's (SGKB) Aa1/P-1 long-term and short-term backed deposit and Aa2 backed long-term senior unsecured debt ratings. The outlook on these ratings remains stable. Concurrently, the rating agency affirmed the bank's A2 subordinated deb...St. Galler Kantonalbank is a banking institution providing savings and credit services to the population and small businesses within their own canton, and thereby promote the development of the regional economy. Co.'s business comprises the Retail and Commercial Clients Division, the Private Banking Division of the parent company and the subsidiaries Hyposwiss Private Bank Ltd. and Hyposwiss Private Bank Geneva Ltd. The Finance and Risk Management Division and the Service Center are responsible for the supporting services. As of Dec 31 2011, Co.'s total assets amounted to SFr26,074,203,000.
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