Moody’s downgrades nine Danish, three Finnish bank
Jun 1, 2012 12:06:24 GMT -5
Post by popcorn on Jun 1, 2012 12:06:24 GMT -5
Moody’s downgrades nine Danish, three Finnish banks and lenders 
Nine financial institutions in Denmark and three in Finland have been downgraded by Moody's Investors Service. The agency points to sluggish economic growth, risks from the eurozone crisis and structural changes to the covered bond market.
Earlier on Wednesday, Standard & Poor's lowered Denmark’s biggest financial institution – Danske Bank, Reuters reports. The agency dropped it one notch down – from from A/A-1to A-minus/A-2. Moody's, however, has cut this bank's long-term rating two notches – from A2 to Baa1, with a stable outlook which leaves it within investment grade.
rt.com/business/news/moodys-downgrade-denmark-finland-650/
Nine financial institutions in Denmark and three in Finland have been downgraded by Moody's Investors Service. The agency points to sluggish economic growth, risks from the eurozone crisis and structural changes to the covered bond market.
Earlier on Wednesday, Standard & Poor's lowered Denmark’s biggest financial institution – Danske Bank, Reuters reports. The agency dropped it one notch down – from from A/A-1to A-minus/A-2. Moody's, however, has cut this bank's long-term rating two notches – from A2 to Baa1, with a stable outlook which leaves it within investment grade.
rt.com/business/news/moodys-downgrade-denmark-finland-650/