05:48 AM EDT, 08/27/2026 (MT Newswires) -- Moody's on Thursday assigned a long-term issuer rating of A3 to Bawag Group (BG.VI), with a positive outlook. The rating is supported by Moody's baa1 adjusted baseline credit assessment for the Austrian banking group's subsidiary Bawag PSK, as well as the results of its Advanced Loss Given Failure analysis, which give no rating uplift. Moody's also cited the bank's solid domestic market shares in terms of loans and deposits, as well as its significant position in Austria's payment and clearing systems. Meanwhile, the positive outlook points to the integration of Bawag's recent acquisitions and its proposed takeover of Irish lender Permanent TSB Group Holdings (PTSB.IR).

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