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Article: MOODY'S REVIEWS FOR DOWNGRADE AHORRO CORPORACION FINANCIERA'S A2/P- 1 RATINGS
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- March 5, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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Moody's Investors Service has today placed theA2 long-term and
Prime-1 short-term issuer ratings of Ahorro CorporacionFinanciera
S.V., S.A. (ACF) on review for possible downgrade. Moody's decision
reflects the potential deterioration in ACF's creditprofile as a
result of the challenging and volatile capital marketconditions that
are affecting not only ACF but also the Spanish savingsbanks, which
are its main customers, counterparties and owners. Given Moody's
expectation that the currently difficult market environment will
persist in the near and possibly medium term, the review will focus
on the following specific areas: (i) The future resilience of ACF's
earnings in light of the sharp ...
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