Pareto Bank’s rating affirmed, outlook upgraded to positive

Scope Ratings has today confirmed Pareto Bank's issuer rating at BBB, maintaining its previous assessment of the bank's fundamental credit strength. This affirmation signals continued confidence in Pareto Bank's financial stability and operational performance as evaluated by Scope.

In a notable development, Scope has simultaneously revised Pareto Bank's outlook from stable to positive outlook. This adjustment reflects an improved perception of the bank's future credit trajectory, indicating an increased likelihood of a rating upgrade in the medium term, contingent on sustained positive developments.

Scope specifically cited an improved capital position and liquidity profile as key drivers for the positive outlook. Additionally, the consistent prioritization of risk-adjusted returns by Pareto Bank was highlighted as a contributing factor. For further details, Monica Mælen from treasury can be contacted at 93494867.