Moody's lowers Factor Banka

Moody's Investors Service said it downgraded the government-guaranteed debt ratings of Factor Banka dd to Ba1 from Baa2 with a negative outlook.

The downgrades follow a weakening of Slovenia government's creditworthiness as captured by the downgrade of Slovenia's government bond ratings April 30, Moody's said.

The debt ratings of Factor Banka are now at the same level as the Slovenian government bond rating, the agency said.

The ratings reflect the Republic of Slovenia's unconditional and irrevocable guarantee of the due and punctual payment of all sums due and payable as contractually required under the conditions of this government-guaranteed debt instrument, Moody's said.

© 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.