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).