03.11.2014 19:14:00
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Corporate Commercial Bank AD -- Moody's downgrades Corporate Commercial Bank's deposit ratings to Ca from Caa1; on review direction uncertain
Limassol, November 03, 2014 -- Moody's Investors Service has today downgraded the long-term local- and foreign-currency deposit ratings of Bulgaria'sCorporate Commercial Bank AD (Corpbank) to Ca from Caa1, and placed the ratings on review with direction uncertain. Concurrently, Moody's lowered the bank's baseline credit assessment (BCA) to c from ca within the E standalone bank financial strength rating (BFSR) category. The short-term deposit ratings of Not Prime are unaffected by today's rating action.