Slovenian Abanka Vipa Needs Fresh Capital

Professional ServicesBanks ♦ Published: July 31, 2012; 17:11 ♦ (Vindobona)

The third-biggest Slovenian bank needs a capital injection of € 50m. In total, Abanka Vipa has a risky assets of € 600m.

Slovenian Abanka Vipa Needs Fresh Capital / Picture: © Abanka Vipa d.d.

Last week, the U.S. rating agency Moody´s has downgraded Abanka Vipa due to the weak equity base. Abanka Vipa´s rating was lowered from „Ba3“ to „Caa1“. The outlook is negative, Moody´s announced. The rating agency underlined that the planned recapitalization was already taken into consideration. However, the capital increase would not provide a sufficiently strong equity…