BIL’s rating upheld by Standard & Poor’s
Banque Internationale à Luxembourg SA (BIL) has welcomed Standard & Poor’s decision to maintain its ratings. Its long-term credit rating stands at “A-” and its short-term at “A-2”, while its outlook has been upgraded from “negative” to “stable”.
“We are extremely proud that our rating was upheld. This demonstrates that our strategy and efforts were rewarded by the analysts. The multi-business line banking model that we are developing, along with an in-depth understanding of our clients’ needs, whether they are private individuals, companies or financial institutions, is bearing fruit. Naturally, we will endeavour to continue this work,” said Hugues Delcourt, BIL’s Chief Executive Officer.
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