29.01.2016 19:29:00
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Bermuda Commercial Bank Limited -- Moody's downgrades Bermuda Commercial Bank's deposit ratings to Ba3; outlook stable
New York, January 29, 2016 -- Moody's Investors Service has today downgraded the long term deposit and issuer ratings of Bermuda Commercial Bank Limited (BCB) to Ba3, from Ba2, the bank's standalone baseline credit assessment (BCA) and adjusted BCA to ba3 from ba2, and counterparty risk (CR) assessment to Ba2(cr) from Ba1(cr). The bank's short term ratings and counterparty risk assessment of Not Prime and Not Prime(cr), respectively, were affirmed. The outlook for the ratings is now stable.