BELFIUS BANK

Credit Ratings (as of May 2018)

Fitch
A- (high credit quality)
Moody's
A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. BELFIUS BANK is rated by Fitch and Moody's.

Credit ratings assigned to BELFIUS BANK as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for BELFIUS BANK it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for BELFIUS BANK is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  a-
Support Rating  5
Support Rating Floor  NF

Viability rating for BELFIUS BANK is set to a- (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for BELFIUS BANK it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa2. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa2
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of BELFIUS BANK is set to positive (may be raised).

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