Business Services Industry
MOODY'S ASSIGNS D FINANCIAL STRENGTH RATING TO ZURICH BANK
Info-Prod Research (Middle East), January, 2007
Moody's Investors Service has today assigneda bank financial strength rating (BFSR) of D to Zurich Bank. The ratingcarries a stable outlook. The bank is a subsidiary of Zurich GroupHolding (unrated) and by extension Zurich Financial Services (ZFS,unrated). The A1 deposit ratings, A3 senior debt ratings and Baa1subordinated debt ratings have been affirmed with a stable outlook.
Zurich Bank is primarily active in UK commercial property lending via itsUK subsidiary, Dunbar Bank plc, and also continues to manage a number ofstructured lending transactions. Going forward, the institution intendsto concentrate on UK property lending, deposit-taking and premiumfinancing and offer wealth management products to existing clients ofZFS. However, with the exception of its property...
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