Frankfurt am Main, September 18, 2015 -- Moody's Investors Service has said today that it has extended its review with direction uncertain of Kommunalkredit Austria AG's (KA) Ba3 long-term debt and deposit ratings following the extension of timelines in the partial sales process of KA as published in KA's semi-annual financial statements. Accordingly, the bank's de-merger into two separate entities, KA New and KA Residual, and the subsequent merger of the latter with KA Finanz AG (KF, unrated), is expected to close before year-end 2015. The de-merger and merger have been approved by the competent bodies of KA and KF; the closing of the transaction remains contingent upon regulatory approvals.

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