OREANDA-NEWS. September 09, 2010. Moody’s Investors Service has assigned a E+ bank financial strength rating (BFSR) and Ba3 long-term and Not Prime short-term local and foreign currency deposit ratings to Citadele banka. The outlook on all Citadele’s ratings is stable, reported the press-centre of Citadele banka.

Moody’s has also concluded the review for upgrade on the B2 senior unsecured rating for the bond issue, which was transferred to Citadele banka from Parex banka, by upgrading the rating to Ba3 (from B2).

Commenting the statement, Chairman of the Management Board Juris Jakobsons said: “We are pleased to receive a positive signal from internationally recognized experts providing the first evaluation of financial indicators of the newly established Citadele banka. According to its business plan, Citadele will be profit-making in 2011, thus creating potential for the bank to further improve its rating.”