Standard & Poor’s upgrades VP Bank’s rating to «A»
Standard & Poor’s, the rating agency, has upgraded VP Bank’s already impressive “A–“ rating to “A” and confirmed the Group’s outlook as “Stable”. In particular, this increase reflects the significant new net new money inflows seen by the Bank in 2017, its operational progress and the fact that it continues to maintain very strong capitalisation. Standard & Poor’s also highlighted the Group’s strong financial position, since this not only gives VP Bank the freedom to continue investing in its operational business, but also ensures it is able to play an active role in the consolidation process within Europe’s banking industry.
VP Bank therefore now holds a rating of “A/A-1”. The highly positive rating and stable outlook are testament to VP Bank Group’s robust and successful business model. VP Bank is one of the few private banks in Liechtenstein and Switzerland to be rated by an international rating agency.