Tuesday, May 08, 2007

Moody's modifies ratings for three Romanian Banks


Moody's Investors Service modified on Tuesday the ratings for three Romanian banks - BCR (the Romanian Commercial Bank), Raiffeisen Bank and BCC (Carpatica Commercial Bank) - as a result of the changes in the financial evaluation methodology.

Banca Comerciala Romana S.A. - The BFSR has been changed to D from D-. Global Local Currency Deposit Ratings of Baa1/Prime-2 have been assigned. The Foreign Currency Deposit Ratings remain unchanged at Baa3/Prime-3, and are constrained by the country ceiling. All ratings carry a stable outlook.

Raiffeisen Bank S.A. - The BFSR has been changed to D from D-. Global Local Currency Deposit Ratings of A3/Prime-1 have been assigned. The Foreign Currency Deposit Ratings remain unchanged at Baa3/Prime-3, and are constrained by the country ceiling. All ratings carry a stable outlook.

Banca Comerciala Carpatica S.A. - The BFSR has been changed to D- from E+. Global Local Currency Deposit Ratings of Ba3/Not-Prime have been assigned. The Foreign Currency Deposit Ratings have been changed to Ba3/Not-Prime from B2/Not-Prime. All ratings carry a stable outlook.

HotNews.ro, Apr 25, 2007

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