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).
