US EditionMoody's Raises the Institutional Credit Rating of Eurocaja Rural to A3, Placing It at the Same Level as the Spanish Sovereign Bond
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The agency values the high quality of the assets, the low late payment and the solid solvency of the institution, whose rating of mortgage cards reaches the maximum possible score (Aaa).
Moody's highlights the Bank's high asset quality, with historically low levels of non-performing loans and foreclosed properties, and its conservative lending policy, along with a high coverage ratio of 140.65% compared to 69.30% for the industry. At the end of fiscal year 2024, the NPL ratio stood at 1.62%, approximately half the industry average of 3.32%.
Zamora News
Valencia PlazaThe Moody's credit rating agency has raised Eurocaja Rural's long-term institutional rating by one step, placing it in A3 with a stable perspective. Similarly, it has increased the rating of its mortgage card issues to Aaa, the highest credit rating for any type of asset granted by that agency.
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