24.09.2013 23:26:00
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Banco de Costa Rica -- Moody's affirms ratings of Banco de Costa Rica; outlook changed to negative following action on sovereign
New York, September 24, 2013 -- Moody's Investors Service has affirmed Banco de Costa Rica (BCR)'s baa3 standalone baseline credit assessment (BCA) and D+ bank financial strength rating (BFSR) and changed the outlook to negative, from stable. The bank's Baa3 and Prime-3 long and short term local currency deposit ratings were also affirmed and the outlooks were changed to negative from stable. At the same time, Moody's upgraded the bank's long and short term foreign currency deposit ratings to Baa3/Prime-3 from Ba1/Not Prime, and placed them on negative outlook, in line with the negative outlook on the local currency deposit ratings. Moody's also affirmed the bank's Baa3 foreign currency senior unsecured debt rating, changing the outlook to negative, from stable.