Moodys cuts ratings for three Nordic banks
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STOCKHOLM (Reuters) - Moody's cut ratings for DNB , Handelsbanken and Nordea on Friday in an expected move, pointing to vulnerability in terms of the Nordic banks funding and asset quality, as well as modest profitability. Moody's said it had downgraded Nordea's and Handelsbanken's debt ratings one notch to leave their deposit rating at Aa3, from Aa2 previously. Norwegian group DNB was downgraded to A1/C- from Aa3/C due to its reliance on market funding and exposure to volatile asset classes such as commercial real estate and shipping. ...
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Real Estate: Business: Moodys cuts ratings for three Nordic banks
Date Listed : Friday, May 25, 2012
Source : Yahoo! News: Business, Business; Copyright (c) 2005 Yahoo! Inc. All rights reserved.
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