Baa3

Baa3

A credit rating used by Moody's credit agency for long-term bonds and some other investments. A Baa3 rating represents a relatively low-risk bond or investment; banks are allowed to invest in Baa3 rated bonds. However, Baa3 is at the bottom of investment-grade bond ratings, being only one grade above junk bond ratings. Risk-averse investors must therefore exercise caution in Baa3 investments, especially if the rating was recently downgraded. It is a subdivision of a Baa rating.
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The agency has a Baa3/P-3 rating on the Delhi-based lender and it has a Baa3 rating on its foreign currency issuer rating.
Moody's Investors Service, has today placed on review for downgrade the Baa3 long-term and Prime-3 short-term foreign-currency issuer ratings of Development Bank of Southern Africa (DBSA), the Baa3 long-term and Prime-3 short-term local-and foreign-currency issuer ratings of Land and Agricultural Development Bank ("Land Bank"), and the Baa3 long-term foreign currency issuer rating of Industrial Development Corporation of South Africa (IDC).
We have downgraded the provisional ratings on forex currency senior unsecured MTN programme of the bank's Bahrain branch to Ba2 from Baa3, because the forex bond ceiling for Bahrain is now at Ba2," Moody's said in a note.
Standard Bank has also had its long term local and foreign currency issuer ratings lowered to Ba1 from Baa3.
Concurrently, Moody's downgraded the baseline credit assessments (BCAs) of BBK and National Bank of Bahrain to ba1 from baa3.
s ("Safeway") Baa3 issuer rating, assigned the company a Corporate Family Rating at B1, a probability of default rating at B1-PD and simultaneously downgraded Safeway Inc.
Moody's Investors Service has changed to stable from negative the outlook on Kuwait Projects Company (KIPCO)'s Baa3 long-term issuer rating and P-3 short-term issuer rating.
International credit rating agency Moody's, on Thursday announced that it has downgraded Isbank's Bank Credit Assessment Note to ba1 from baa3.
TUNIS (TAP)- Moody's Investors Service has kept the investment rating of Tunisia, that is Baa3 with negative outlook reflecting, it says, the country's moderate economic, institutional and financial strength.
These actions follow Moody's downgrade on November 4 of the Cypriot government bond rating by two notches to Baa3 (on review for possible further downgrade) from Baa1.
Moody's has today also downgraded the country ceiling for foreign currency bonds to Ba1 from Baa3 and the country ceiling for foreign currency bank deposits to B1 from Ba3.
At the same time Moody's has lowered the bank's baseline credit assessment (BCA) to Ba1, from Baa3, which situates the bank at the lower end of the D+ bank financial strength rating (BFSR).