Standard & Poor’s raises rating

The rating agency Standard & Poor's (S&P) raises the credit rating of Banque Cantonale de Genève to AA-/A-1+/stable. This decision reflects the increased profitability of the BCGE Group in recent years.

Both ratings have been raised, whereas the AA- rating relates to long-term commitments, while the A-1+ rating applies to short-term commitments. The mention “stable” refers to the bank’s outlook.

 

The bank's CEO, Blaise Goetschin, says the following on the subject: “This rating by an independent institution is proof of the bank's improved results over the past years, the resilience of its business model during the health crisis and its promising development prospects.”