Moody's Ratings has upgraded Banca Transilvania's long-term deposit ratings and its short-term and long-term issuer ratings.

The agency upgraded the bank's long-term deposit rating to Baa1 from Baa2, the highest achievable rating considering the sovereign rating context. Moody's changed the outlook to negative, similar to that of Romania.

Concurrently, BT's issuer ratings were upgraded to Baa2 from Baa3, with a stable outlook. The stable outlook for the bank's long-term issuer ratings reflects Moody’s expectation that the bank's financial performance, its capital and profitability, will remain resilient despite macroeconomic headwinds.

Moody’s has affirmed the bank’s Baseline Credit Assessment (BCA) at ba1, along with other ratings, thus reflecting a strong capitalization, ample liquidity and robust profitability supported by the bank’s leading position in Romania along with strong cost efficency.

Banca Transilvania has been rated by two international rating agencies, one of which is Moody's Ratings, since 2023.