Moody's Confirms LLB's Aa2 Rating with Stable Outlook

Vaduz, 5 July 2024 - The rating agency Moody's has reaffirmed its Aa2 bank deposit rating for Liechtensteinische Landesbank AG (LLB) while maintaining a stable outlook. This endorsement underscores LLB's exceptional creditworthiness.

With this rating, LLB remains in the top tier of banks in Liechtenstein and Switzerland, and among the highest-rated banks globally. Additionally, LLB's issuer rating of Aa3 also reflects strong financial stability.

This reaffirmation follows LLB’s announcement to fully acquire Zürcher Kantonalbank Österreich AG and merge it with LLB Österreich. Moody's stable outlook reflects their confidence in continued stable development and unchanged liability structure of LLB’s key financial factors.