02.06.2016 17:28:00
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Far Eastern Bank -- Moody's downgrades Far Eastern Bank's rating to B3 from B1; concludes review
London, 02 June 2016 -- Moody's Investors Service has today downgraded the long-term local and foreign currency deposit ratings of Far Eastern Bank to B3 from B1, the bank's long-term Counterparty Risk Assessment (CRA) to B2(cr) from Ba3(cr) as well as the bank's Adjusted Baseline Credit Assessment to b3 from b1. At the same time, the rating agency affirmed the bank's Baseline Credit Assessment (BCA) of b3, the short-term local and foreign currency deposit ratings of Not-Prime and the short-term CRA of Not-Prime(cr). All ratings carry a stable outlook.