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Isbank's Bank Credit Assessment Note downgraded by Moody's.

BANKING AND CREDIT NEWS-June 6, 2014-Isbank's Bank Credit Assessment Note downgraded by Moody's

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International credit rating agency Moody's, on Thursday announced that it has downgraded Isbank's Bank Credit Assessment Note to ba1 from baa3.

The agency also reduced the bank's Long Term Foreign Currency Issuer Rating to Baa3 from Baa2, Long and Short Term Local Currency Deposit Ratings to Baa3/P-3 from Baa2/P-2, Subordinated Debt Rating to Ba2 from Ba1, Long Term and Short Term Foreign Currency and Local Currency GMTN Program Notes to (P) Baa3/(P) P-3 from to (P) Baa2/ (P) P-2 and affirmed the other ratings.

The outlooks of Bank Financial Strength and Subordinated Debt Ratings have been affirmed as "Stable" while all other existing outlooks have been determined as "Negative", according to the rating agency.

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 6, 2014
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