Frankfurt am Main, January 14, 2013 -- Moody's Investors Service has today downgraded the standalone bank financial strength rating (BFSR) of Kreissparkasse Koeln (KSK Koeln) to C-, equivalent to a standalone credit assessment of baa1, from C/a3 and lowered the senior debt and deposit ratings to Aa3 from Aa2. The outlook on all ratings is stable. Additionally, Moody's affirmed KSK Koeln's Prime-1 short-term rating.

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