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Article: SPAIN: MOODY'S DOWNGRADES CAIXA GALICIA'S BFSR TO C AND DEBT RATINGS TO A2.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- December 23, 2007
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Moody's Investors Service today downgraded the bank financial strength rating ("BFSR") of Caixa de Ahorros de Galicia ("Caixa Galicia") to C from C+ (negative outlook), keeping the negative outlook on this rating. Due to the downgrade of the BFSR, the savings bank's deposit and debt ratings were also downgraded to A2 from A1, reflecting Moody's consideration that these ratings should be more aligned with the intrinsic financial strength of the savings bank. The A2/P-1 debt and deposit ratings have a stable outlook. According to Moody's, the downgrade reflects Caixa Galicia's vulnerability to the slowdown in the real estate (RE) development in Spain, given its high ...
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Article: JOSÉ LUIS MÉNDEZ.(director of Caixa Galicia, ...
Tribuna de Actualidad;
March 15, 1999 ;
700+ words
... ... comercial. Yo, como responsable de Caixa Galicia, no perdera nunca el nombre en mi ... UNA CAJA ESPAOLA Y OTRA ALEMANA? --Caixa Galicia ha tenido convenios de colaboracin ... Europea, somos todos residentes. CAIXA GALICIA ES LA CUARTA CAJA DEL PAIS POR ACTIVOS ...
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