For several weeks now, Moody’s has been busily reviewing its ratings on the world’s banks. Here’s a recap of actions taken so far:
- Moody’s warns on Asian banks
Moody’s Investors Service has taken multiple rating actions on 12 Korean financial institutions
Moody’s reviews 9 banks in Malaysia for possible downgradeMoody’s reviews nine Philippine banks for possible downgrade
Moody’s reviews 10 banks in Indonesia for downgrade
- Moody’s warns on Spanish banks
Moody’s Investors Service placed on review for possible downgrade the bank financial strength ratings (BFSRs) of 36 Spanish banks (see list below); also placed on review the deposit and senior debt ratings of 34 of these banks and the subordinated, junior subordinated and/or hybrid securities of 22 of these same institutions.
- Moody’s reviews three banks in Uzbekistan for downgrade
Moscow, May 21, 2009 — Moody’s Investors Service has placed the ratings of 3 Uzbek banks on review for possible downgrade. The banks affected are National Bank of Uzbekistan, Ipoteka Bank and Alokabank
- Moody’s reviews three banks in Ukraine for downgrade
Moscow, May 20, 2009 — Moody’s Investors Service has placed the ratings of three Ukrainian banks on review for possible downgrade. The banks affected are Privatbank, Savings Bank of Ukraine and Ukreximbank
- Moody’s takes ratings actions on nine Hungarian banks
London, 19 May 2009 — Moody’s Investors Service today took rating actions on nine Hungarian banks. The ratings of the following institutions were downgraded: OTP Bank, OTP Mortgage Bank, CIB Bank, K&H Bank, MKB Bank, Erste Bank Hungary, Budapest Bank and MFB Hungarian Development Bank. The ratings of FHB Mortgage Bank were confirmed, but the outlook was changed to negative from stable.
– Moody’s reviews US regional banks ratings
New York, March 12, 2009 — Moody’s Investors Service announced that it is reviewing for possible downgrade the bank financial strength ratings (BFSR) of 23 US regional banks and the deposit and debt ratings of 17 of these same institutions. The difference between these two figures is explained primarily by Moody’s expectation of higher systemic support for certain institutions which would mitigate bank-level deposit and debt ratings downgrades. At the same time, Moody’s has changed the rating outlook to negative from stable on 19 other banks. Moody’s expects to complete all of its reviews by mid-May.
- Moody’s reviews for downgrade Bank of America ratings
- Moody’s reviews for downgrade Wells Fargo’s ratings (snr at Aa3)