- Banco Nacional de Mexico, S.A.: BFSR
of C- withdrawn
The outlook change on ING Turkey's local-currency long-term deposit rating was prompted by Moody's rating action on the parent bank ING Bank N.V., (deposits A2 negative; BFSR
C- stable/BCA baa1).
Product Sub-Category: Complete Power Management System For Bfsr
The positive outlook on RCBC's D- BFSR
considers the bank's improved asset quality profile as a result of the sale in 2013 of P4.8 billion in legacy non-performing loans and non-performing assets," it added.
"Moody's will assess the merit of an upgrade of PNB's BFSR
once reported results fully reflect the business combination from an accounting point of view, and if the results continue to point towards the positive benefits that Moody's expects from the merger," it said.
The deposit ratings carried a "negative" outlook, while the BFSR
had a "stable" outlook, Moody's said.
The outlook on OP-Pohjola Group's BFSR
has been "negative" since September 2009.
All ratings, including its bank financial strength rating (BFSR
) of D, are placed on review for further possible downgrade, except the FC deposit rating which has a negative outlook.
The downgrade follows Moody's earlier BFSR
downgrade of PBB's Greek parent bank, Piraeus Bank SA, to E+ (negative outlook) from D+.
This rating action follows Moody's decision to downgrade the BFSR
of Greek parent bank, Piraeus Bank SA, to D+ (negative outlook) from C- .
The new BFSR
of C maps to a Baseline Credit Assessment of A3.
However, the rating agency notes some potential vulnerability to the weakening operating environment, given the bank's relatively high single borrower concentration and large proportion of corporate lending, particularly in the higher risk SMEs category coupled with its satisfactory but still modest capital adequacy (in comparison with that of its domestic peers); hence, the negative outlook on CSOB's BFSR
," the agency added.