Moody's Investors Service has today announced that it has downgraded Kaupthing Bank's credit ratings. The Bank's long-term rating is downgraded from A1 to Baa3, the Bank's financial strength rating (BFSR) is downgraded from C- to D+ and the Bank's short-term rating is downgraded from P-1 to P-3. All ratings are on review with direction uncertain. Further information: Gudni Adalsteinsson, Chief Treasurer, tel. +354 444 6126 Jónas Sigurgeirsson, Chief Communication Officer, tel. +354 444 6112
Moody's downgrades credit ratings
| Source: Kaupthing Bank