Moody's affirms apoBank's long-term rating at A2; bank financial strength rating downgraded to D


In a press release published today’s afternoon, the rating agency Moody’s informs, that it concluded the review of apoBank’s bank financial strength rating, which started in July 2009. Moody’s downgraded the bank financial strength rating of apoBank from C to D.

At the same time Moody’s affirmed the A2 senior debt rating as well as the bank’s P‑1‑short‑term rating. The outlook was changed to negative.