Last checked at 5 Jun 2014 07:49
Moody's Changed Isbank's Ratings
On 3 June 2014, International credit rating agency Moody's, downgraded Isbank's Bank Credit Assessment Note to ba1 from baa3, Long Term Foreign Currency Issuer Rating to Baa3 from Baa2, Long and Short Term Local Currency Deposit Ratings to Baa3/P-3 from Baa2/P-2, Subordinated Debt Rating to Ba2 from Ba1, Long Term and Short Term Foreign Currency and Local Currency GMTN Program Notes to (P) Baa3/(P) P-3 from to (P) Baa2/ (P) P-2 and affirmed the other ratings. The outlooks of Bank Financial Strength and Subordinated Debt Ratings have been affirmed as "Stable" while all other existing outlooks have been determined as "Negative".
The list including the current ratings given to Isbank by Moody's is as follows:
Rating | Outlook | |
Bank Financial Strength Rating | D+ | Stable |
Bank Credit Assessment | ba1 | - |
Long Term Foreign Currency Deposit Rating | Baa3 | Negative |
Long Term Foreign Currency Issuer Rating | Baa3 | Negative |
Long Term Local Currency Deposit Rating | Baa3 | Negative |
Short Term Foreign Currency Deposit Rating | P-3 | - |
Short Term Local Currency Deposit Rating | P-3 | - |
Subordinated Debt Rating | Ba2 | Stable |
Long Term Foreign Currency GMTN Program Rating | (P) Baa3 | - |
Long Term Local Currency GMTN Program Rating | (P) Baa3 | - |
Short Term Foreign Currency GMTN Program Rating | (P) P-3 | - |
Short Term Local Currency GMTN Program Rating | (P) P-3 | - |