20.08.2013 19:54:00
|
Finbond Mutual Bank -- Moody's affirms Finbond's Ba3.za/NP.za ratings; outlook stable
Limassol, August 20, 2013 -- Moody's Investors Service has today affirmed Finbond Group Limited's Ba3.za/NP.za national-scale issuer ratings, with a stable outlook. The rating affirmation reflects (1) Moody's assessment of the standalone credit strength of the issuer's main operating entity Finbond Mutual Bank; and (2) Moody's view that Finbond Group Limited's creditors are structurally subordinate to those of Finbond Mutual Bank.