Business Services Industry

GUATEMALA: MOODY'S ASSIGNS BA3 TO BANCO INDUSTRIAL'S FOREIGN CURRENCY TIER 1 CAPITAL NOTES.

IPR Strategic Business Information Database, April, 2008

Moody's Investors Service has assigned a Ba3 foreign currency subordinated debt rating to Banco Industrial S.A.'s non-cumulative fixed/floating rate step up Tier 1 capital notes with a final bullet maturity of 2068. Both principal and interest on the notes will be payable in US dollars. Moody's noted that the Ba3 subordinated debt rating assigned to the notes is three notches below the bank's Baa3 global local currency deposit rating, in line with Moody's notching guidelines for bank junior securities.

The rating is unconstrained by Guatemala's Ba1 foreign currency country ceiling for bonds and notes. Banco Industrial's local currency deposit rating of Baa3 takes into account the bank's baseline credit assessment of Ba2 that is mapped from the D bank...

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