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Standard & Poor's confirms LGT's good credit rating

24 août 2012

In its latest Research Update, the rating agency Standard & Poor's (S&P) has not only confirmed LGT's "A+" credit rating, but also revised its outlook from "negative" to "stable".

In its report, S&P notes that LGT has adjusted successfully to the new challenges facing the private banking industry in recent years. The company’s efforts to reposition itself as an international private bank have also led to an increase in new asset inflows over the past few years.

S&P has awarded LGT a high credit rating from both a short-term and a long-term perspective. In particular, the rating agency highlighted the bank’s strong capitalization, high liquidity and the rapid adjustment of its business model to cope with the challenges of a changing environment.

Trust in security and stability
LGT is one of the world’s few internationally active private banks to have its creditworthiness rated by independent rating agencies such as S&P and Moody’s. LGT has consistently been awarded very high ratings compared with similar institutions.