Moody's has placed ratings assigned to Covered Bonds issued by BRFkredit on review for possible downgrade
To NASDAQ OMX Copenhagen and the Stock Exchange in Luxembourg Announcement no. 69/2011 28 July 2011 Moody's has placed ratings assigned to Covered Bonds issued by BRFkredit on review for possible downgrade On 1st of July 2011 Moody's Investors Service downgraded BRFkredit's issuer rating to Baa3 from Baa1 (announcement no. Moody's method dictates that a downgrade of the rating of an issuer triggers an evaluation of ratings of Capital Centers. As a consequence of this Moody's has placed ratings assigned to Covered Bonds issued out of BRFkredit's Capital Center E, Capital Center B and BRFkredit's General Capital Center on review for possible downgrade. Moody's press release is attached. Contact persons: Sven A Blomberg, CEO Phone: +45 45 26 25 00 Anette Rom, Assistant Vice President Phone: +45 45 26 29 15, mobile: +45 51 17 77 58 Yours sincerely BRFkredit a/s Ulrikke Ekelund Chief Economist Mobile phone 20 19 92 38 E-mail Please observe that the Danish version of this announcement prevails
Moody's Investors Service said on Thursday it cut debt ratings for 15 international banks and securities firms as market volatility lowered long-term growth and profitability outlook for these banks.