(Source: Info-Prod Research (Middle East))Moody's Investors Service today placed onreview for possible downgrade the bank financial strength ratings (BFSRs)and long-term debt and deposit ratings of three German banks andassociations. It also affirmed the BFSR of one financial institution butplaced its long-term debt and deposit ratings on review for possibledowngrade, as well as affirming the BFSRs and long-term debt ratings of15 other banks. Moody's further maintained the review for possibledowngrade on the ratings of three German financial institutions. The rating actions on all of the above-mentioned entities were takenwithin the context of Moody's recalibration exercise on German bankratings, which included a stress-testing of banks' profits and assets.The completion of the recalibration exercise did not result in ratingactions on any other German banks.

Originally published by Info-Prod Strategic Business Information.

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