31 October 2014

Moody's downgrades Mauritius Commercial Bank's deposit ratings to Baa3 from Baa1; ratings placed on review for further downgrade

Moody's Investors Service has today downgraded Mauritius Commercial Bank Ltd's long-term and short-term deposit ratings to Baa3/Prime-3 from Baa1/Prime-2. Concurrently, Moody's lowered the bank's baseline credit assessment (BCA) to ba1 from baa3 within the D+ standalone bank financial strength rating (BFSR) category. All ratings placed on review for further downgrade.

No comments: