Caixa Central Crédito Agrícola is assigned a Ba1 BCA (Baseline Credit Assessment) by Moody’s. This first time rating assigned by Moody’s to Crédito Agrícola Group’s central body, reflects Moody’s view on the creditworthiness of Crédito Agrícola Group and its solidarity mechanism enshrined in law. The BCA rating is complemented by deposits ratings of Baa3 Stable Outlook/Prime-3 and Counterparty Risk Rating (CRR) of Baa2/Prime-2.
Licínio Pina, Chief Executive Officer, stated that the rating assigned by Moody’s “is an important milestone to the Group and results from Group’s robustness, return and improvement in asset quality that has been being implemented”.
Further information on Moody’s rating:
Further information on Moody’s Rating Methodology (Banks):
https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1269625