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GERMANY: MOODY'S DOWNGRADES LANDESBANK SAAR'S RATINGS TO A1 FROM AA2.

Publication: IPR Strategic Business Information Database
Publication Date: 14-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Moody's Investors Service today placed on review for possible downgrade the D+ bank financial strength rating (BFSR) of Landesbank Saar (SaarLB), reflecting the rating agency's concerns about the bank's profitability and increased risks inherent in its loan portfolio in the context of the deepening recession in Germany. The bank's debt and deposit ratings were downgraded to A1 from Aa2 as a consequence of the rating downgrade of its parent, Bayerische Landesbank (BayernLB; please refer to Moody's PR on the rating action on...

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