FRANKFURT ,Moody's Investors Service cut its debt rating of the largest banking groups in Germany . In addition, this agency also downgraded the debt of three largest banks in Austria .
The agency said that banks would be at risk if the European debt crisis is getting worse . Moody's said the German bank 's asset quality will be at risk if the debt crisis in Europe or the global economy is slow .
As for Austrian banks , Moody's assess the condition is quite vulnerable because it operates in Central Europe , East and the Commonwealth .
The following German bank group 's debt rating by Moody's
A . Commerzbank AG , a long-term debt rating lowered to A3 from A2 with a negative outlook
2 . Landesbank Baden - Wuerttemberg , lowered debt rating from A2 to A3 with stable outlook
3 . Norddeutsche Landesbank GZ , trimmed debt rating from A2 to A3 with stable outlook
4 . UniCredit Bank AG cut the debt rating from A2 to A3 with negative outlook
5 . Landesbank Hessen - Thueringen GZ , cut its debt rating from A1 to A2 with stable outlook
Recent bank debt rating Austria
A . Hypo Tirol Bank AG , its rating was downgraded from A2 to A3 with negative outlook
2 . UniCredit Bank Austria AG , the debt rating from A2 to A3 with negative outlook
3 . Raiffeisen Zentralbank Oesterreich AG from A1/A2 to A2/A3 with stable outlook
(Kompas.com)
No comments:
Post a Comment