References in periodicals archive ?
Moody's has also downgraded the bank's long-term foreign and local currency bank deposit ratings to Ba3 from Ba1, foreign currency senior unsecured MTN program rating to (P) Ba3 from (P) Ba1, and baseline credit assessment (BCA) and adjusted BCA to b1 from ba2.
The senior unsecured bond ratings and senior unsecured shelf ratings have also been downgraded to Ba3 and (P)Ba3 respectively, said the statement from Moodys.
Moody's also affirmed the Ba3 corporate family rating and the B1 issuer rating of Al Omaniya Financial Services and maintained the negative outlook on the ratings.
At the same time, Moody's has downgraded to B2 from Ba3 the long-term foreign currency deposit ratings of BBK and NBB and long-term foreign currency issuer ratings of BISB and KHCB, which is the same level as the country ceiling for foreign currency deposits.
The upgrade of Cooper Tire's Corporate Family Rating to Ba3 is supported by the company's strong credit metrics and major market position as the 5th largest tire manufacturer in the U.S.
The affirmation reflects Moody's view that the current security, political and economic challenges facing Tunisia are appropriately captured by the Ba3 rating as the country's credit profile remains supported by a number of factors, including the strength of its institutions relative to rating peers and the ongoing support of international institutions, albeit conditional on progress on reforms.
Moody's said the increase will bump leverage up to 3.8x, well below its Ba3 benchmark of 4.25x.
The rating agency said these actions follow the weakening of Armenia's credit profile, as reflected in the downgrade of the government debt rating to Ba3 from Ba2 on January 15, as well as the country ceiling for foreign-currency deposits to B1 from Ba3.
"Moody's views the bank's stand-alone financial profile as strong for its ba3 BCA.
M2 EQUITYBITES-December 29, 2011--Moody's terminates Ba3 ratings on ACOM(C)2011 M2 COMMUNICATIONS http://www.m2.com
BANKING AND CREDIT NEWS-December 29, 2011--Moody's terminates Ba3 ratings on ACOM(C)2011 M2 COMMUNICATIONS http://www.m2.com
Acronyms browser ?
Full browser ?