Moody’s ups Socram counterparty to A1(cr)

Moody's Investors Service said it upgraded the long-term counterparty risk assessment of Socram Banque to A1(cr) from A2(cr) and affirmed its short-term counterparty risk assessment at Prime-1(cr).

Moody’s said the action is based upon the balance sheet analysis which drove the actions that Moody's took on Socram's A3 long-term deposit and issuer ratings on Oct. 13. This correction results in a counterparty risk assessment consistent with those ratings

© 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.