Moody's affirms Romanian Banca Transilvania's rating and improves its outlook to positive

International rating agency Moody's has affirmed the ratings assigned for the first time in 2023 to Romanian financial group Banca Transilvania (BVB: TLV) and improved the outlook on the long-term deposit (Baa2) and issuer ratings (Baa3) to positive from stable.

Low dependence of market funding and high profitability balances against risks posed by foreign currency lending and lending to high-risk market segments (SMEs mainly), while the improved outlook reflects the recently issued meaningful volumes of senior non-preferred instruments.