Resurs Bank, a wholly owned subsidiary of Resurs Holding, today received an update from rating agency Nordic Credit Rating
Resurs Bank, a wholly owned subsidiary of Resurs Holding, today received an update from rating agency Nordic Credit Rating (NCR). The credit rating of BBB- was confirmed and the outlook was revised to stable from negative as Resurs Bank outperformed NCR’s expectations due to lower credit losses and an improved net interest margin in the second quarter 2020.In May 2019 Resurs Bank was awarded investment grade rating from NCR (BBB-, stable outlook) from rating agency NCR. The outlook was revised to negative in April 2020 mainly due to the uncertainty associated with the economic impact of