Madrid, July 17, 2014 -- Moody's Investors Service has today downgraded the long-term issuer and debt ratings of Espirito Santo Financial Group S.A. (ESFG) to Ca from Caa2 and affirmed the short-term debt ratings at Not Prime; this rating action concludes the review for downgrade initiated on 26 June 2014, and extended on 9 July 2014.The downgrade of ESFG reflects the heightened risk of default of ESFG and significant losses for ESFG's creditors as a result of very recent developments in ESFG and its troubled indirect shareholders (Espirito Santo International (ESI) and Rioforte, both unrated).

Vollständigen Artikel bei Moodys lesen