Banque Internationale à Luxembourg SA (BIL) has maintained its ratings by financial services company Standard & Poor's.
The bank's long-term credit rating stands at 'A-', with its short-term at 'A-2'. Its outlook has been upgraded from 'negative' to 'stable'.
"We are extremely proud that our rating was upheld," stated Hugues Delcourt, BIL's Chief Executive Officer. "This demonstrates that our strategy and efforts were rewarded by the analysts. The multi-business line banking model that we are developing, along with an in-depth understanding of our clients' needs, whether they are private individuals, companies or financial institutions, is bearing fruit. Naturally, we will endeavour to continue this work."
Photo by BIL
