Moody's could cut GE Capital Interbanca

Moody's Investors Service said it placed the Baa2/Prime-2 long- and short-term debt and deposit rating of GE Capital Interbanca and its standalone bank financial strength rating of D, equivalent to a standalone baseline credit assessment of Ba2, on review for downgrade.

Moody's said the review was caused by its growing concern about the bank's need for renewed parental support, in view of its very weak standalone financial strength, driven primarily by its poor asset quality and profitability.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.