Slovenian Banking Crisis Aggravates

BusinessEconomy ♦ Published: July 27, 2012; 12:32 ♦ (Vindobona)

This week, the rating agency Moody´s downgrades the three biggest banks of Slovenia. Slovenia is threatened of becoming a bail-out candidate.

Slovenian Banking Crisis Aggravates / Picture: ©

Moody´s downgraded the three biggest banks NLB (Nova Ljubljana Banka), Nova Kreditna Banka Maribor (NKBM) and Abanka Vipa this week. What is more, the outlook is negative for all of them. The downgrade was the second one this year. The Slovenian state is the majority owner of all three banks.

For analysts, the downgrade is no surprise. Further downgrades must be expected. For…