Moody's gives Nova Kreditna notes Ba1

Moody's Investors Service said it gave a Ba1 rating on review for upgrade to Nova Kreditna banka Maribor dd planned euro-denominated junior senior unsecured (senior non preferred) notes. Concurrently, the agency maintained the review for upgrade on the bank's Baa1 long-term deposit ratings. All other ratings and rating inputs are unaffected by today's rating action.

The review for upgrade, started Nov.5, reflects Slovenia’s improved operating environment, the bank's improved financial performance and the uncertainty concerning the change in the bank's ownership and the potential interlinkages between NKBM and its new owner, OTP Bank NyRt, Baa1 review for upgrade), Moody’s said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.