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

Moody's Investors Service today placed onreview for possible downgrade the D+ bank financial strength rating(BFSR) of Landesbank Saar (SaarLB), reflecting the rating agency'sconcerns about the bank's profitability and increased risks inherent inits 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 aconsequence of the rating downgrade of its parent, Bayerische Landesbank(BayernLB; please refer to Moody's PR on the rating action on BayernLB,dated 12 May 2009). The Prime-1 short term rating was affirmed. The support assumptions incorporated into SaarLB's debt and depositratings have not been changed and ...

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