Moody's may cut ATF Bank

Moody's Investors Service said it placed on review for downgrade ATF Bank's Ba2 long-term local- and foreign-currency deposit ratings, Ba2 foreign-currency senior unsecured and B1 foreign-currency junior subordinated debt ratings.

The bank's E+ bank financial strength rating, which maps to B3 on the long-term rating scale, is unaffected. The outlook is stable.

The decision to review the bank's ratings for possible downgrade is triggered by the review for possible downgrade of UniCredit's ratings, initiated on May 17, the agency said. Unicredit is ATF Bank's ultimate parent.

The ratings consider high parental support probability, the agency added.

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