Moody’s might drop Finansbank

Moody's Investors Service said it placed the Ba2 long-term deposit ratings of Finansbank AS and Ba3 issuer rating of Finans Finansal Kiralama AS (FinansLeasing) on review for downgrade.

Finansbank's bank financial strength rating of E+ and short-term ratings of Not-Prime/provisional Not-Prime were not affected by this action.

The review for downgrade is due to a similar rating action on their ultimate parent, National Bank of Greece AS (deposits Caa2 RuRD /Not-Prime; BFSR E/BCA caa2). The bank is Finansbank's controlling shareholder with 99% ownership.

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