14.01.2014 18:33:00
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CAM Global Finance -- Moody's downgrades Banco Sabadell to Ba2 from Ba1; negative outlook assigned
Madrid, January 14, 2014 -- Moody's Investors Service has today downgraded the debt and deposit ratings of Banco Sabadell S.A. (Banco Sabadell) to Ba2/Not Prime from Ba1/Not Prime, following the lowering of the bank's baseline credit assessment (BCA) to ba3, equivalent to a standalone bank financial strength rating (BFSR) of D- (from D/ba2). All of the bank's ratings now carry a negative outlook.