|English.news.cn 2011-11-17 19:10:38||FeedbackPrintRSS|
BERLIN, Nov. 17 (Xinhua) -- Moody's Investors Service late Wednesday downgraded the ratings on debt and deposit of 10 German public-sector banks.
The judgement was based upon recent EU rules to restricte financial aid to bank, together with a bank resolution scheme adopted in Germany.
Moody's downgraded DekaBank Deutsche Girozentrale by one notch, while three banks -- Landesbank Hessen-Thueringen GZ, Landesbank Saar and HSH Nordbank AG -- were downgraded two notches, and BayernLB and Deutsche Hypo, both had their ratings lowered by three notches to "Baa1" from "A1."
Editor: Yang Lina