Moody’s Investors Service, the internationally renowned agency providingcredit ratings, research and risk analysis globally, has just awarded WIOF Sicavfund manager, Parex banka, a significant upgrade in its rating system.

This upgrade now places Parex banka in the unique position of being the onlyprivate financial institution in the Baltic States, to achieve the long termdeposit rating of Baa3/investment grade, consolidating Parex banka’s positionas the largest investment company in the Baltics.

This enhanced ranking reflects the JDA (joint-default analysis) methodologyintroduced by Moody’s, whereby external support for banks eg, fromshareholders or the government, is assessed more transparently.Moody’s significant global presence (more than 9,000 customer accounts atsome 2,400 international institutions), adds critical importance tothe award.

WIOF congratulates Parex banka on this achievement.