Moody's confirms LLB's Aa2 rating / outlook stable

Moody's confirms LLB's Aa2 rating / outlook stable

Vaduz, 5 July 2024. The rating agency Moody's has again awarded its bank deposit rating of Aa2 to the Liechtensteinische Landesbank AG (LLB), with a stable outlook. This confirms the LLB's excellent creditworthiness.

With a Moody's bank deposit rating of Aa2, the Liechtensteinische Landesbank is in the top league of Liechtenstein and Swiss banks and is one of the banks with the highest ratings in the world. The LLB's issuer rating of Aa3 is also very positive.

The re-assessment of the rating by Moody's comes in the wake of the LLB's announcement to acquire 100 per cent of Zürcher Kantonalbank Österreich AG from Zürcher Kantonalbank and subsequently merge it with LLB Österreich.

The agency's rating outlook for the LLB is stable. Moody's justification: "The stable outlook […] reflects our expectation of a continued stable development of LLB's key financial factors and a largely unchanged liability structure."

Brief portrait

Liechtensteinische Landesbank AG (LLB) is the longest-established financial institution in the Principality of Liechtenstein. The majority shareholder is the Principality of Liechtenstein. The shares are listed on the SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services: as a full-service bank as well as in private banking, asset management and fund services. With 1,213 employees (in full-time positions), the Group is represented in Liechtenstein, Switzerland, Austria, Germany and the United Arab Emirates. As at 31 December 2023, the business volume of the LLB Group was CHF 102.2 billion.