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Moody's Banks and FSR Rating Definitions
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MOODY'S BANK DEPOSIT RATINGS:
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Moody's Bank Deposit Ratings are opinions of a bank's ability to repay punctually
its foreign and/or domestic currency deposit obligations. Foreign currency deposit
ratings are subject to Moody's country ceilings for foreign currency deposits, which
may result in the assignment of a different (typically lower) rating for the foreign
currency deposits relative to the bank's rating for domestic currency obligations.
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Unless otherwise indicated, Moody's Bank Deposit Ratings apply to a bank's foreign
and domestic currency deposit obligations, although a bank may also be assigned
different (typically higher) domestic currency deposit ratings which are unconstrained
by the respective country ceiling for foreign currency deposits. Foreign currency
deposit ratings are applicable only to banks and branches located in countries which
have been assigned a country ceiling for foreign currency for bank deposits. Such
obligations are rated at the lower of the bank's deposit rating or Moody's country
ceiling for bank deposits for the country in which the branch is located.
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Moody's Bank Deposit Rating is intended to incorporate
those aspects of credit risk relevant to the prospective payment performance of
the rated bank with respect to its foreign and/or domestic currency deposit obligations,
including: intrinsic financial strength, sovereign transfer risk (for foreign currency
deposits), and both implicit and
explicit external support elements. Moody's Bank Deposit Ratings do not take into
account the benefit of deposit insurance schemes which make payments to depositors,
but they do recognize the potential support from schemes that may provide direct
assistance to banks.
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In addition to its Bank Deposit Ratings, Moody's also publishes Bank Financial Strength
Ratings, which exclude certain of these external risk and support elements (i.e.
sovereign risk and external support). Such ratings are intended to elaborate and
explain Moody's Bank Deposit Ratings, which incorporate and reflect such elements
of credit risk.
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Moody's Long-Term Bank Deposit Ratings
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Aaa
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Banks rated Aaa for deposits offer exceptional credit quality and have the smallest
degree of risk. While the credit quality of these banks may change, such changes
as can be visualized are most unlikely to materially impair the banks' strong positions.
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Aa
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Banks rated Aa for deposits offer excellent credit quality but are rated lower than
Aaa banks because their susceptibility to long-term risks appear somewhat greater.
The margins of protection may not be as great as with Aaa banks, or fluctuations
of protective elements may be of greater amplitude.
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A
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Banks rated A for deposits offer good credit quality. However, elements may be present
that suggest a susceptibility to impairment over the long-term.
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Baa
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Banks rated Baa for deposits offer adequate credit quality. However, certain protective
elements may be lacking or may be characteristically unreliable over any great length
of time.
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Ba
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Banks rated Ba for deposits offer questionable credit quality. Often the ability
of these banks to punctually meet deposit obligations may be uncertain and therefore
not well safeguarded in the future.
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B
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Banks rated B for deposits offer generally poor credit quality. Assurance of punctual
payment of deposit obligations over any long period of time is small.
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Caa
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Banks rated Caa for deposits offer extremely poor credit quality. Such banks may
be in default, or there may be present elements of danger with regard to financial
capacity.
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Ca
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Banks rated Ca for deposits are usually in default on their deposit obligations.
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C
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Banks rated C for deposits are usually in default on their deposit obligations,
and potential recovery values are low.
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Highlights |
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Ezz Steel Rebars Company (ESR) - July...
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MERIS Maintained the National Scale Rating (NSR) of a "BBB-" for the Entity Rating and the Instrument Rating of Ezz Steel Co. 2nd bond issue. The...
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More..
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Egyptian Securitization Company (ESC) -...
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Egyptian Securitization Company (ESC) - 2nd Issue - 2009-2014 - July...
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More..
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Structured Finance Presentation |
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A structured finance security is a security backed by a pool of assets (underlying assets) such as real estate, trade receivables, marketable ... |
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More.. |
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Financial markets should be
efficient and fair to all market
participants. Credit rating agencies
play an important information role
in these markets. Moody’s Investors
Service (“Moody’s”) provides
opinions in the form of credit
ratings and related ... |
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More.. |
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