Nova KBM
 

Moody’s revised the current ratings of Nova KBM | NKBM

In compliance with the Ljubljana Stock Exchange Rules and the applicable legislation, Nova KBM d.d., Maribor, hereby makes the following announcement:

Moody’s revised the current ratings of Nova KBM

26 April 2012
OBVESTILA
In compliance with the Ljubljana Stock Exchange Rules and the applicable legislation, Nova KBM d.d., Maribor, hereby makes the following announcement:
 

On 25 April 2012, Moody's Investors Service downgraded the ratings of Nova KBM from Ba1/Non-Prime/D- to Ba2/Non-Prime/E+. Nova KBM was assigned a long-term and a short-term bank deposit rating of Ba2 and Non-Prime, respectively. The Bank’s financial strength rating was affirmed at E+. The outlook is negative.


Moody's Investors Service has downgraded Nova KBM rating due to sharp asset-quality deterioration in the banks’ loan portfolios and high provisioning needs that have eroded the capital buffers and loss-absorption capacity.