Fitch raises Raiffeisen’s rating
St. Gallen - The rating agency Fitch has raised the Raiffeisen Group’s long-term issuer default rating from A+ to AA-. The short-term issuer default rating has been raised from F1 to F1+. This reflects a modified rating methodology that is more nuanced in assessing bank capital adequacy.
(CONNECT) The rating agency Fitch has raised its rating for the Raiffeisen Group. According to its statement, the bank’s long-term issuer default rating is now AA- (previously: A+). The short-term issuer default rating is F1+ (previously F1).
This upgrade has come about because Fitch modified its rating methodology. The revised methodology reportedly allows for a more nuanced assessment of bank capital adequacy with regard to potential stress and crisis scenarios. For example, the rating reflects the Raiffeisen Group’s significant over-fulfillment of regulatory requirements for total loss absorbing capacity (TLAC). As at 31 December 2025, the bank’s TLAC ratio stood at 27.5 percent.
As part of the revised methodology, the weighting of capital buffers for bail-in instruments was also adjusted. Consequently, the rating for Raiffeisen bail-in bonds is now A (previously A+). The other ratings remain unaffected. Fitch continues to assess the outlook for Raiffeisen as stable.
The Group’s financially stable position is confirmed by the key figures for the 2025 fiscal year, as the bank asserts. Raiffeisen generated a profit of 1.1 billion Swiss francs in 2025 and, with a short-term liquidity ratio of 163 percent, is well above the regulatory minimum of 100 percent. The net stable funding ratio stands at 131 percent, underscoring the stable and sustainable refinancing of the Raiffeisen Group’s loans. ce/ja