Moody’s also changes the Bank’s outlook to Positive from Stable. The ratings reflect SeABank’s increasingly strengthened financial fundamentals and governance capabilities. Accordingly, the reaffirmation of SeABank’s Ba3 local currency (LC) and foreign currency (FC) LT bank deposit and issuer ratings, together with the change in outlook to Positive from Stable, reflects the Bank’s strengthened intrinsic credit profile. These upgrades further reinforce SeABank’s reputation in the financial market and enhance its ability to expand partnerships and access funding from domestic and international financial institutions. Moody’s also expects SeABank’s credit profile to benefit from ongoing efforts to diversify its funding base and improve funding stability over the next 12–18 months.