In her upgrade Alpha Bank to investment grade status, after 14 years, Moody’s advanced.

In particular, the rating agency Moody’s Ratings proceeded with the following upgrades regarding the evaluation of Alpha Bank, placing the bank in investment grade.

– Rating of long-term and short-term deposits: Baa3 (from Ba1, +2 notches)

– Senior long-term debt rating: Baa3 (from Ba1, +2 notches)

– Subordinated debt rating (Tier 2): Ba2 (from B1, +2 tiers)

– Basic Credit Assessment (BCA): Ba2 (from Ba3, +1 notch)

The above upgrades, as pointed out in a related announcement, confirm the bank’s potential to achieve higher sustainable profitability, while improving the resilience of its balance sheet. The upgrades were driven by Alpha Bank’s improved asset quality and recurring earnings profile, lower cost base, expected benefits from the recent strategic partnership with UniCredit and significant and expanding capital buffers.

The positive outlook with which the house assessed the bank reflects its expectations for the further improvement of Alpha Bank’s credit profile, mainly through its earnings growth, higher capital levels and improvement in its asset quality, in line with its Strategic Plan.

In addition, the house’s upgrades make Alpha Bank’s senior debt eligible to a wider set of investors, further diversifying its funding base.