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Threat of Bankruptcy: Moody´s Cuts Hypo Group Alpe Adria´s Rating

Published: February 15, 2014; 18:35 · Updated: February 15; 18:47 · (Vindobona)

The U.S. rating agency downgrades the rating of the Austrian nationalized lender by four notches. Moody´s referred to the uncertainty and the vague statements of the Austrian government.

Threat of Bankruptcy: Moody´s Cuts Hypo Group Alpe Adria´s Rating / Picture: © Banco Santander

According to Moody´s, the danger of Hypo Group´s bankruptcy cannot be excluded anymore. Moody´s stressed that Hypo Group´s creditors and bondholders are endangered of a haircut.  Moody´s cut the rating for senior loans from A1 to Baa2. The rating for subordinated loans was lowered to Baa3 from A2. According to Moody´s, the underlying reason behind the downgrade is the growing…

This article includes a total of 567 words.

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