Moody’s upgrades Crédit Agricole Auto Bank’s rating to “A3” with a stable outlook
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Moody’s Ratings has upgraded by one notch the long-term deposit rating and the issuer rating of Crédit Agricole Auto Bank, raising them to 'A3' from 'Baa1'.
Moody’s Ratings has upgraded by one notch the long-term deposit rating and the issuer rating of Crédit Agricole Auto Bank, raising them to ‘A3‘ from ‘Baa1’. At the same time, the agency assigned a stable outlook.
The rating action follows the recent upgrade of Italy’s sovereign rating. CA Auto Bank’s ratings continue to benefit from the high likelihood of support from the Crédit Agricole Group, a factor that underpins the bank’s financial soundness.
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