07.12.2015 21:47:00
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Banco Angolano de Investimentos, S.A. -- Moody's downgrades Banco Angolano de Investimentos' deposit rating to B1; outlook negative
London, 07 December 2015 -- Moody's Investors Service has today downgraded the long-term local and foreign currency deposit ratings of Angola'sBanco Angolano de Investimentos, S.A. (BAI) to B1 from Ba3, while also downgrading the bank's standalone baseline credit assessment (BCA) to b3 from b1 and Counterparty Risk Assessment to Ba3(cr) from Ba2 (cr). Concurrently, Moody's affirmed the short-term local and foreign currency deposit ratings of Not-Prime and the short-term Counterparty Risk Assessment of Not-Prime(cr). All long-term ratings carry a negative outlook.