Business Services Industry

BULGARIA: MOODY'S ASSIGNS BA1/NP/D- RATINGS TO MKB UNIONBANK AD.

IPR Strategic Business Information Database, July, 2007

Moody's Investors Service has assigned Ba1/Non-Prime long-term and short-term foreign currency deposit ratings and a D- bank financial strength rating (BFSR) to MKB Unionbank AD (MKB-UB). The BFSR translates into a Baseline Credit Assessment of Ba3. At the same time, Moody's assigns a Global Local Currency (GLC) deposit rating of Ba1/NP to the bank.

All ratings carry a stable outlook. MKB-UB's BFSR rating derives from its high reported asset quality and ample capitalisation levels, as well as the prospects of franchise development following the acquisition of a 60% stake in the bank by Hungary's MKB Bank (a subsidiary of Germany's Bayerische LB). At the same time, the rating captures the bank's small presence in the Bulgarian market, compounded by the...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
  • Click Here
advertisement