Moody's confirms Land Credit and Mortgage Bank

Moody's Investors Service said it confirmed the A2 long-term and Prime-1 short-term foreign currency deposit and debt ratings and A1 covered bond rating of Land Credit and Mortgage Bank following the application of the rating agency's methodology for Government-Related Issuers.

In the same rating action, Moody's said it also upgraded to D+ from D the bank's financial strength rating. The outlook on all ratings is stable.

The confirmation of the bank's deposit and debt ratings reflects Moody's analysis of the bank following application of the agency's new rating methodology for government-related non depository financial institutions in Europe, the Middle East and Africa.

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