05.09.2013 03:38:00

KASIKORNBANK Public Co. Ltd. (CI) -- Moody's downgrades three banks' subdebt ratings in Thailand on increased bail-in risk

Singapore, September 05, 2013 -- Moody's Investors Service announced today that it has downgraded the subordinated debt (subdebt) ratings of three Thai banks following a review launched in on 3 June to re-assess the probability of government support that was assumed for this debt class. The banks' senior obligation ratings and their stand-alone baseline credit assessments were not affected.

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