Moody's downgrades Getin Noble Bank S.A.'s deposit ratings to Ba3 from Ba2
Rating Action: Moody's downgrades Getin Noble Bank S.A.' s deposit ratings to Ba3 from Ba2. Global Credit Research- 14 Dec 2017. London, 14 December 2017-- Moody's Investors Service has today downgraded Getin Noble Bank S.A.' s long-term local and foreign-currency deposit ratings to Ba3 from Ba2, its long-term Counterparty Risk Assessment to Ba2 from Ba1 and its baseline credit assessment and adjusted BCA to b2 from b1.Getin Noble Bank SA is a Poland-based universal bank. The Company divides its activity into three segments: Banking, providing banking services and operating in the area of accepting cash deposits, running deposit and other bank accounts, granting loans, issuing and confirming bank guarantees, issuing bank securities, checque and bill of exchange operations and operations related to warrants, issuing payment cards, among others; Financial Intermediary, providing services related to financial intermediation, loans, deposits, savings, investment intermediation; Asset and Fund Management, placing cash collected by means of public offering of unit fund, advising, managing securities portfolios, creating and managing investment funds, as well as providing rental services and property management. It is the parent company of Getin Noble Bank SA Capital Group and operates through subsidiaries, including Noble Funds TFI SA, Noble Concierge Sp z o o, Getin Leasing, among others.
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