Moody's reviews Societe Generale subsidiaries

Moody's Investors Service said it took the following rating actions on Czech, Greek, Romanian and Russian subsidiaries of Societe Generale:

• General Bank of Greece's B3 deposit ratings, placed under review for downgrade;

• BRD - Societe Generale's Baa2/Prime-2 long-term and short-term local currency deposit ratings, placed under review for downgrade;

• Rosbank's Baa2/Prime-2 long-term and short-term local and foreign currency deposit and Baa2 local currency senior unsecured debt ratings, placed under review for downgrade;

• Rusfinance Bank's Baa3/Prime-3 long-term and short-term local and foreign currency deposit and Baa3 local currency senior unsecured debt ratings, placed under review for downgrade;

• Bank DeltaCredit's Baa2 long-term local and foreign currency deposit and Prime-2 short-term foreign currency deposit ratings, placed under review for downgrade;

• DeltaCredit's local currency senior secured debt rating downgraded to Baa1 from A2 and assigned a negative outlook; and

• Komercni Banka's long-term deposit ratings, downgraded to A2, with negative outlook, from A1; the short-term Prime-1 ratings are unaffected.

Moody's said these actions follow the recent downgrade of French parent bank Societe Generale's ratings.

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