Moody's reviews IKB Deutsche

Moody's Investors Service said it placed on review for downgrade the Baa3 long-term debt rating of IKB Deutsche Industriebank, as well as its Ba2 subordinated debt ratings and the Prime-3 short-term rating.

The actions reflect Kreditanstalt fuer Wiederaufbau's (Aaa/Prime-1) sale offer from Lone Star, according to the agency, as the company now benefits from the parent's strong support and Aaa debt ratings.

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