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Moody’s Upgrades BIL’s Ratings

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LUXEMBOURG--(BUSINESS WIRE)--Banque Internationale à Luxembourg SA (BIL) today welcomed the action taken by Moody’s Investors Service to raise its Baseline Credit Assessment (BCA) to 'baa3' from 'ba1', based on the bank’s track record of solid results. In addition, BIL’s long-term deposit and senior unsecured debt ratings were upgraded to 'A3' from 'Baa1', and its subordinated debt rating was upgraded to ‘Ba1’ from ‘Ba2’. The outlooks on the long-term deposit and the senior unsecured debt ratin

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