Moody's affirms City Bank's B2 rating for 2024

FE Team | Published: March 20, 2025 23:24:34

Moody's Investors Service has published its latest credit opinion on City Bank, recognizing its moderate profitability and capital amid rising asset risks, according to a press release.
City Bank has retained its B2 issuer rating, with an updated negative outlook that aligns with the recent B2 negative rating given to Bangladesh. This also reflects a moderate probability of support from the government of Bangladesh.
The bank's strong consumer banking and credit card segments, robust liquidity, and sizeable holdings of government securities were highlighted as key credit strengths.
However, elevated asset risks due to challenging operating conditions, significant sector concentration, and moderate capitalization strength have influenced some key rating parameters.