Moody's downgrades CCB Brazil's ratings to Ba1; outlook remains negative
New York, December 20, 2016-- Moody's Investors Service today downgraded China Construction Bank S.A.' s long-term global local-currency deposit rating to Ba1 from Baa3; the short-term global local-currency deposit rating to Not Prime from Prime-3; and the long-term foreign-currency subordinated debt rating to Ba2 from Ba1. In addition, the bank's baseline credit assessment and adjusted BCA were downgraded to b2 and ba1 from b1 and baa3 respectively. At the same time, Moody's...
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