Moody's may raise three Romanian banks

Moody's Investors Service said it has placed on review for possible upgrade the Ba2/Not-Prime foreign currency deposit ratings for three Romanian banks. The affected banks are Banca Comerciala Romana SA, BRD - Groupe Societe Generale SA and Raiffeisen Bank SA.

Moody's said the banks benefit from strong systemic and parent support.

The foreign currency deposit ratings of the three banks are constrained by the country ceiling, so if the country ceilings for Romania were to rise, Moody's said it would expect their deposit ratings to rise with them.

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