The rating agency Moody’s Ratings affirmed Coop Pank’s Credit rating at current level with positive outlook. Long- and short-term deposit rating remained on the level of Baa2 and rating outlook remained positive. According to Paavo Truu, CFO of Coop Pank, the affirmation of the credit rating and positive outlook at the current level confirms that the bank is trustworthy with solid capital base, good profitability and high quality of the loan portfolio. “The affirmation of the rating and positive outlook gi ...

Core Insights - Oma Savings Bank Plc reported moderate results for Q3 2025 amid a challenging operating environment, with a focus on strengthening solvency [1][2][14] Financial Performance - The comparable profit before taxes for Q3 was EUR 16.1 million, down from EUR 27.6 million in the previous year, reflecting a decline in net interest income and increased operating expenses [4][16] - Net interest income decreased by 23.2% in Q3, totaling EUR 40.2 million, primarily due to a smaller loan portfolio and reduced market interest rates [6][17] - Total operating income for Q3 decreased by 17.2%, while total operating expenses increased by 19.3% year-on-year [17] - The cost/income ratio for Q3 was 51.1%, compared to 43.4% in the previous year, indicating increased operational costs [17] Loan and Deposit Portfolio - The mortgage loan portfolio decreased by 3.7%, and the corporate loan portfolio decreased by 17.9% year-on-year, attributed to divestments and a controlled winding down of high-risk customers [7][17] - The deposit portfolio saw a slight decrease of 0.7% over the past year, with fluctuations in corporate customer deposits impacting the overall balance [17] Risk Management and Compliance - The company is actively working on risk management and internal operating model development, with costs related to compliance initiatives recorded at EUR 1.7 million for Q3 [3][17] - Impairment losses on financial assets decreased by 23.8% in Q3, totaling EUR -10.1 million, although challenges remain in the SME sector due to economic conditions [7][17] Customer Satisfaction and Service Expansion - Oma Savings Bank maintains a strong customer-centric approach, ranking third in private customer satisfaction according to the latest EPSI Rating bank survey [9][10] - The bank expanded several branches to enhance accessibility and meet customer demand, reinforcing its commitment to personal banking services [8] Capital Position - The total capital ratio strengthened to 19.2% at the end of September, up from 15.6% the previous year, indicating a solid financial position [14][16] - The Common Equity Tier 1 (CET1) capital ratio reached 18.2%, exceeding the regulatory minimum by 8.9 percentage points [14] Outlook - The company has lowered its earnings guidance for 2025, anticipating continued high costs due to investments in risk management and quality processes [17][20] - The expected comparable profit before taxes for 2025 is projected to be between EUR 50-65 million, down from EUR 86.7 million in 2024 [20]

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Core Viewpoint - S&P Global Ratings has downgraded AFL's credit rating to A+/A-1 with a stable outlook, following a similar downgrade of France's sovereign credit rating, effective October 21, 2025 [2][4]. Group 1: Rating Changes - AFL's rating was revised from AA-/A-1+ (negative outlook) to A+/A-1 (stable outlook) [2]. - The downgrade of AFL's deeply subordinated notes intended to qualify as additional Tier 1 (AT1) capital was from A- to BBB+ [4]. Group 2: Business Model and Financial Position - AFL's rating is linked to the French sovereign due to its business model, which focuses exclusively on financing French local authorities [4]. - The bank's intrinsic credit profile remains unchanged at "aa-" and its financial position is solid [4]. - AFL has a robust business model, high liquidity, and prudent financial policies [7]. Group 3: Company Overview - AFL is the only French bank fully owned by local authorities, created to provide tailored financing for local investments while promoting sustainable finance practices [5]. - Since its launch in 2015, AFL has granted nearly €11.5 billion in loans, including €2 billion in 2024, and currently has 1,131 shareholders [5].

Core Points - KBRA affirms the senior unsecured debt rating of BBB for Farmers National Banc Corp. [1] - The subordinated debt rating is affirmed at BBB- and the short-term debt rating is K3 for Farmers National Banc Corp. [1] - For its subsidiary, The Farmers National Bank of Canfield, KBRA affirms the deposit and senior unsecured debt ratings of BBB+ [1] - The subordinated debt rating for the subsidiary is affirmed at BBB and the short-term deposit and debt ratings are K2 [1] - The Outlook for all ratings is stable [1]

Core Viewpoint - The shutdown of the U.S. government poses additional risks to the country's credit rating, which is already under threat of downgrade according to European rating agency Scope [1][2]. Group 1: Credit Rating Implications - Scope currently rates the U.S. at 'AA' with a 'negative outlook', indicating concerns over political polarization and its impact on creditworthiness [1]. - The unconventional policy approach of the current administration is seen as detrimental to the U.S. governance system's checks and balances, which negatively affects the sovereign rating [2]. Group 2: Political Risks - The risk of a U.S. default due to political disputes is increasing, although still considered unlikely; such an event would have significant repercussions [2]. - As political divisions deepen, the likelihood of reaching key policy compromises by debt limit deadlines diminishes [3]. Group 3: Fiscal Outlook - Despite a $5 trillion increase in the debt ceiling, further increases will likely be necessary by 2028 due to a weak fiscal outlook [4]. - Scope projects that the U.S. budget deficit will remain around 6%, with the debt-to-GDP ratio expected to rise to 127% over the next five years [4].

Core Points - The U.S. government has shut down due to a failure to reach an agreement on a temporary spending bill, primarily over health care tax credits [2] - Lawmakers are engaging in blame games, with President Trump criticizing Democrats for their negotiation stance [3] - The shutdown is expected to delay the release of key economic data, including nonfarm payrolls, which could influence the Federal Reserve's decisions [4] Group 1: Economic Impact - The shutdown may not significantly impact the real economy in the long term, as historical shutdowns have shown a tendency for conditions to revert post-shutdown [5] - However, this shutdown could lead to strategic changes from both political parties, with Republicans and Democrats aiming to leverage the situation for legislative gains [6] Group 2: Market Reactions - Prolonged shutdowns could raise concerns about the credit quality of U.S. debt, potentially affecting Treasury prices and increasing yields [7] - Moody's has previously downgraded the U.S. credit rating and indicated that further downgrades could occur if institutional effectiveness declines [7]

Core Viewpoint - CK Hutchison Holdings is in the process of a controversial ports divestment and has secured an upper medium-grade rating for its planned bond issuance, which may serve as a catalyst for a potential rating upgrade [1][3]. Group 1: Bond Issuance - Fitch Ratings assigned an A- rating to CK Hutchison's planned bond issuance, while S&P Global Ratings rated it an A [1]. - The size and pricing of the notes have not yet been determined, and the proceeds are expected to be used for refinancing and general corporate purposes [2]. Group 2: Company Profile and Financial Management - Fitch analysts noted that the rating reflects CK Hutchison's strong business profile, geographical diversification, prudent financial management, and stable cash flow from its high-quality port, retail, infrastructure, and telecommunications businesses [3]. - The firm's credit profile is anticipated to improve if the port asset sale is completed, although further details on the post-transaction capital structure are needed for a final assessment [4]. Group 3: Ports Divestment - The planned debt sale follows comments from CK Hutchison's co-managing director regarding a reasonable chance of reaching an agreement on the company's ports assets, which include two facilities on the Panama Canal [5]. - In March, CK Hutchison announced a US$23 billion sale of 43 overseas ports to a BlackRock-led consortium, which faced criticism due to geopolitical concerns [6]. - After the deal's deadline lapsed, CK Hutchison indicated it would invite a mainland Chinese firm to the consortium to address Beijing's concerns, with reports suggesting Cosco Shipping as a potential partner [6].

Core Viewpoint - AFL's long-term credit rating has been downgraded from AA- (negative outlook) to A+ (stable outlook) by Fitch Ratings, following a similar downgrade of the French government's rating [1][3]. Rating Summary - AFL's long-term rating is now A+ with a stable outlook, while its short-term rating remains unchanged at F1+ with a stable outlook [3]. - The downgrade is a direct result of Fitch Ratings' methodology linking the sovereign rating to AFL due to its business model focused on financing French local authorities [3]. Financial Situation - The downgrade does not indicate a deterioration in AFL's financial situation, which remains solid [4]. - AFL maintains a robust business model, high liquidity, and prudent financial policies [8]. Regulatory Impacts - Debt issued by AFL is classified as high-quality liquid assets (HQLA1) under the LCR Delegated Regulation, provided that loans to eligible RGLA exceed 90% of total outstanding loans [5]. - As of June 30, 2025, AFL's debt securities have a risk weighting of 30% for the calculation of risk-weighted assets under the standard approach [9]. Company Overview - AFL is a bank created by and for French local authorities, aiming to empower local governance and provide cost-efficient resources with transparency [11]. - The institution focuses on maximizing public spending rather than profit, supporting local authorities in addressing social, economic, and environmental challenges [11].

Core Viewpoint - The international credit ratings agency, S&P Global Ratings, has reaffirmed the Group's credit rating at 'BBB+' with a stable outlook [1] Group Summary - The Group is identified as "Ignitis grupė" [1] - The reaffirmation of the credit rating follows an annual review conducted by S&P Global Ratings [1]