Moody’s turns Ceska Exportni to negative

Moody’s Investors Service said it revised its outlook for Ceska Exportni Banka, as to negative from stable and affirmed its ratings, including its Aa3 backed senior unsecured debt ratings.

The government of the Czech Republic guarantees the bank’s debt. As such, the outlook revision and affirmations reflect the change in outlook for the sovereign to negative and the affirmation of its Aa3 rating on Friday, the agency noted.

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