Moody’s assigns Co-op a Caa2 deposits rating, stable outlook

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Moody’s assigns Co-op a Caa2 deposits rating,...
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By Stelios Orphanides

Moody’s Investors Service said that it assigned the Cooperative Central Bank a Caa2 long-term local and foreign currency deposits rating, which is the first rating the government-owned lender ever received.

Moody’s also assigned the bank, which the government bailed out with almost €1.7bn, a not-prime short-term local and foreign currency deposits rating and a caa2 baseline credit assessment and adjusted baseline credit assessment, the rating company said in an emailed statement on Wednesday. It added that the long- and...


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Moody’s assigns Co-op a Caa2 deposits rating, stable outlook


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