Bulgaria: Raiffeisenbank Downgraded by Moody’s

Published: August 15, 2013; 14:04 · (Vindobona)

Bulgaria: Moody's downgrades Raiffeisenbank (Bulgaria)'s deposit ratings to Ba2

Bulgaria: Raiffeisenbank Downgraded by Moody’s / Picture: © Raiffeisen Bank

Moody's Investors Service downgraded Raiffeisenbank (Bulgaria)'s long-term local and foreign-currency deposit ratings to Ba2 from Ba1, and the standalone bank financial strength rating (BFSR) to E+, mapping to a baseline credit assessment of b1, from D-/ba3. The outlook on the long-term deposit ratings was changed to negative from stable. The short-term deposit ratings of Not-Prime…

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