According to the agency, rating action followed the national introduction of bank resolution framework  and thus lowered the likelihood of extraordinary government support. The agency removed one notch uplift for government support that was previously incorporated in the long-term credit rating, but has recognized a strengthening in NLB's intrinsic creditworthiness and has therefore applied one notch uplift of transitionary adjustment.

In addition, bank's credit risk is declining due to restructuring, ongoing optimization and gradual economic recovery.