Action concludes review and incorporates the new bank rating methodologyFrankfurt am Main, June 15, 2015 -- Moody's Investors Service has today downgraded the long-term deposit, senior unsecured debt and issuer ratings of Oesterreichische Volksbanken AG (VBAG) and Investkredit Bank AG (Investkredit; assumed by VBAG in September 2012) to Caa1 from B2. This concludes the review for downgrade on VBAG, which was initiated on 30 October 2014 and extended on 12 February 2015 and also reflects the implementation of the rating agency's new bank rating methodology (published on 16 March 2015).

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