Kleinwort Benson’s credit rating milestone

The Kleinwort Benson Group has received its first credit rating as a stand alone entity.

Moody's Investors Service assigned Baa2/Prime-2 long and short term deposit ratings and a bank financial strength rating (BFSR) of C- to the two banking entities in the Kleinwort Benson Group: the UK-based Kleinwort Benson Private Bank Limited and the CI-based Kleinwort Benson (Channel Islands) Limited. The outlook for all ratings is stable.

The short term rating applies to all deposits with maturity of up to one year and the long term rating is applicable to deposits with a maturity exceeding one year. Client custodial and investment assets will continue to be segregated and are not affected by this announcement.