Moody's places Raiffeisen Bank's ratings under review for downgrade

Ratings agency Moody’s Investors Service has placed on review for downgrade the long-term debt and deposits' ratings of Raiffeisen Bank, currently at Ba1, after the parent bank, Austrian group Raiffeisen Bank International's similar ratings were also downgraded. "Placing Raiffeisen Bank's ratings on review reflects the possibility that the bank's upgrade by one notch following possible financial support from the parent bank can be eliminated if the Austrian bank's financial strength rating will be downgraded again," reads a statement from the ratings agency. The long-term deposits and debt ratings of the Austrian bank Raiffeisen Bank International were downgraded from A3 to Baa1 on December 23. The rating that measures the bank's financial strength was also lowered from D + to D. Diana Mesesan, diana@romania-insider.com