Ratings Roundup: BNP/Fortis, Iceland, Ireland

Recent actions by ratings agencies on financial companies in the news:

BNP Paribas (Euronext Paris: BNP) Fortis (Euronext Brussels: FORS)

Moody’s affirms BNP Paribas’ ratings with stable outlook (Oct 7)

Moody’s downgrades Fortis Group’s ratings after the sale of its main operations (Oct 7)

Moody’s confirms the A1 long term ratings of Fortis’ banking entities in Belgium and Luxembourg (Oct 7)

Moody’s confirms Fortis Bank Nederland (Holding)’s long term ratings at A1, outlook stable (Oct 7)

Iceland

S&P: Iceland Ratings Would Not Default If Depositor Guarantee Fund Obligations Not Honored

Fitch Takes Further Rating Actions on Icelandic Banks (Oct 7)

S&P: Glitnir Bank Downgraded To ‘CCC’; On Watch Neg On Increased Systemic Concerns (Oct 7)

Ireland

Moody’s updates its comments on the Irish government’s guarantee for six financial institutions (Oct 7)

Previous Ratings Roundup.

Technorati Tags: (BNP), (FORS), banking, BNP Paribas, credit-crisis, credit-ratings, credit-risk, Fortis, Glitnir, iceland, Ireland

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Wednesday, October 8th, 2008 : Credit Research : No Comments

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