to C-/baa2 from C/a3, on review for further downgrade
) and BBVA
of the National Ratings also considers the removal of institutional support from the ratings.
of KBC Bank's long-term debt and deposit ratings to A3 from A1.
Best, 5.7 percent of its rating actions were downgrades
in 2018 and 8.5 percent were upgrades, with 5.4 percent under review.
C.I.B.'s credit downgrade
meanwhile was attributed to the bank's reliance of Egyptian sovereign debt at a time when the country is experiencing difficult economic circumstances.
Specifically, National Bank of Greece's bonds were downgraded to Aa2 from Aa1 and placed on review for a further downgrade
. Besides, the downward review placement of Alpha Bank and EFG Eurobank Ergasias affected the Aa2 ratings on their bonds.
A Microsoft spokesperson stated that users will be able to downgrade
from Windows 7 to XP without a problem, according to BetaNews.
This is the second earnings downgrade
. One major reason is poor earnings at NEC Electronics.
of Bradesco Seguros' IFS rating results from the downgrade
of the long-term Local Currency IDR of its parent Banco Bradesco S.A.
Global Banking News-December 24, 2014--Moody's downgrades
Raiffeisen Banking Group member banks
A number of banks have stated that they consider themselves Egypt's most affected economic sector by the country's repeated credit downgrades
since the outbreak of the 25 January Revolution, seeing as they are the primary owners of government debt securities.
"The rating actions affecting the banks' subsidiaries reflect the agency's view that while the banks' propensity to support their international banking subsidiaries remains unchanged, their ability to do so has been reduced, as reflected in the downgrades
of their long-term IDRs which follow the downgrade
of the sovereign," Fitch added.