Banks
Outlook: Observation
Action date: 07/06/2020
Rating action: New

INSTITUTO DE CREDITO OFICIAL EPE

Our credit rating of A with Under Review outlook is based on its function as public bank for which it has the unconditional and irrevocable guarantee of the Spanish State (A / In Observation), with limits of indebtedness that is established by the State's general budget, although with its own legal personality, equity and treasury. In addition to this, we highlight its adequate levels of liquidity and solvency, with an adjusted profitability although in accordance with its main function of channeling credit and boosting the economy.

Rating

Unsolicited
Date last rating: 07/06/2020
Date first rating: 07/06/2020