For Marfin Popular Bank Moody's downgraded the deposit and debt ratings, as well as the standalone bank financial strength rating
(BFSR) to Baa3/Prime-3/D- from Baa2/Prime-2/D+ with a negative outlook.
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.
Bank financial strength rating
of D-, equivalent to a baseline credit
Earlier this month, Moody's Investors Service has affirmed NBK`s 3/ Prime- 1 long- and short-term deposit ratings and the bank's C standalone bank financial strength rating
(BFSR), equivalent to a baseline credit assessment of a3, the highest in the Middle East.
The move follows the agency's affirmation of the standalone bank financial strength rating
of OTP Bank at D+ with a "negative" outlook.
The holding company bears an A3 issuer rating and the bank carries a C+ bank financial strength rating
, translating into an A2 rating, as well as A2 long-term and Prime-1 short-term deposit ratings.
UkrSibbank's long- term local currency bank deposit rating was downgraded to Ba2 from Ba1, and the bank financial strength rating
(BFSR) was downgraded to E+ from D-.
The agency downgraded Gulf Bank financial strength rating
to D+ from C- and foreign currency deposit rating to A3 from A1, saying the bank still faces challenges after major derivatives losses last year which forced a government bailout.
The rating has dropped to Caa1 from A2 and its bank financial strength rating
(BFSR) to E from C-.
These are the E+ bank financial strength rating
, which maps to a baseline credit assessment of b1, the Ba2/Not Prime global local currency and the B1/Not Prime global foreign currency deposit ratings, for long and short-term respectively.
Says it has withdrawn the rating for its own business reasons Moody's said it has withdrawn Bank of Beirut's D- standalone bank financial strength rating
(BFSR), which maps to Ba3 on the long-term scale, and the Ba3 long-term and Not-Prime short-term local-currency deposit ratings.
25 November 2011 -- Moody's reiterated on Friday Russian lender First Republic Bank's E+ bank financial strength rating
(BFSR) and B3 deposit ratings.