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Moody’s Investors Service (“Moody’s”) today announced that it has upgraded Kvika Banki hf.’s („Kvika“) long-term deposit ratings to Baa1 from Baa2.
International ratings agency Moody’s Investors Service („Moody‘s“) has assigned a first time Baa2 long-term and Prime-2 short-term foreign and local currency bank deposit and issuer ratings to Iceland’s Kvika Banki hf („Kvika“).
Kvika has published its sustainability report for 2021. The report marks a turning point as this is the first time Kvika has published such a report. Until now, ESG reports have been published annually, but such information is now part of the sustainability report.