06.05.2016 18:48:00
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Bankoa, S.A -- Moody's upgrades Bankoa's deposit ratings to Baa2; outlook stable
Madrid, May 06, 2016 -- Moody's Investors Service has today upgraded Bankoa, S.A's deposit ratings to Baa2/Prime-2 from Baa3/Prime-3. The rating agency has also upgraded: (1) the bank's baseline credit assessment (BCA) to ba1 from ba2; (2) the bank's adjusted BCA to baa2 from baa3; and (3) the bank's long-term Counterparty Risk Assessment (CR Assessment) to Baa1(cr) from Baa2(cr). The bank's short-term CR Assessment has been affirmed at Prime-2(cr). The outlook on the long-term deposit ratings is stable.