Moody's upgrades Coop Bank credit rating

Moody's has upgraded the Coop Bank credit rating from CA to CAA2.

"The credit ratings agency said its outlook on the long-term debt and deposit ratings is positive, driven by its expectation that the completion of the bank's recapitalisation will allow it to focus on its non-core portfolio, improving its profitability and low efficiency."

Save Our Bank, 8th September 2017