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Article: MOODY'S REVIEWS ACLEDA BANK FOR POSSIBLE DOWNGRADE
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- May 20, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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Moody's Investors Service has placed ACLEDA Bank Plc's (ACLEDA
Bank) local currency long-term deposit and issuer ratings of Ba1 on
review for possible downgrade. The bank's other ratings are
unaffected and carry a stable outlook: its bank financial strength
rating of D; foreign currency long-term deposit rating of B3;
foreign currency long-term issuer rating of B1; and local currency
and foreign currency short-term issuer and deposit ratings of non-
prime. "The review of the ratings affected --local currency long-
term deposit and issuer ratings of Ba1 (which include one notch of
systemic support) -- will look at the extent to which Cambodia's
ability to provide support to its banking ...