The rating agency hails “excellent goodness and stability as well as an adequate positioning of the bank’s risk”.
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The rating agency Standard & Poor’s (S&P) confirmed the “AA” rating and the “stable” outlook for the Cantonal Bank of Glarus, the latter said on Friday evening.
The agency praised “excellent goodness and stability as well as an adequate positioning of the bank’s risk,” the bank reported. In the short and long term, the credit quality is of first quality (“A-1” for the short term and “AA” for the long term).
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