S&P rating affirmed under revised criteria

The rating update applies the new S&P methodology presented on December 9, 2021.

The report mentions the strong capitalisation and sound funding and liquidity profile as well as the high level of bail-in-able debt, although the ALAC Support is capped at 1 notch.

Additionally, the Stable Outlook reflects the view that Argenta will remain focused on revenue diversification, cost efficiency, and digitization.