Moody’s downgrades First Citizens Bank| glObserver Global Economics


A week next downgrading the Trinidad and Tobago government’s bond rating, Moody’s Investors Service has downgraded Initial Citizens Bank Limited’s (FCBL) long term local and foreign currency deposit ratings.

Source: globserver.cn

The rating actions yesterday follow Moody’s downgrade of the government’s bond rating to Baa2 from Baa1 and the change of the government’s outlook to negative from stable, and the downgrade of Trinidad and Tobago’s short term foreign currency deposit ceiling to Prime-3 from Prime-2 short term foreign currency deposit ceiling to Prime-3 from Prime-2, on April 30.

 

See on Scoop.itglObserver Americas

Author: globserver

Director of Eyecom china

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