SID Bank - For investors - Ratings

Ratings

  • February 2012

Following the downgrade of the Slovenian government's rating, on 16 February 2012, Moody's Investors Service has downgraded the ratings of the government-owned development bank SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana (SID Bank Inc., Ljubljana), by one notch to A2 with a negative outlook from A1.

For SID Bank the ratings will be adjusted in-line with the government ratings. The bond of SID Bank (ISIN XS0504013912) has also been downgraded from A1 to A2 with a negative outlook.

  • December 2011

Following the downgrade of the Slovenian government's rating, on 23 December 2011, Moody's Investors Service has downgraded the ratings of the government-owned development bank SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana (SID Bank Inc., Ljubljana), by one notch to A1 with a negative outlook from Aa3.

For SID Bank, which is guaranteed by the government, the ratings will be adjusted in-line with the government ratings. The bond of SID Bank (ISIN XS0504013912) has also been downgraded from Aa3 to A1.

  • September 2011

Following the downgrade of the Slovenian government's rating, on 23 September 2011, Moody's Investors Service  has downgraded the ratings of the government-owned development bank SID - Slovenska izvozna in razvojna banka, d.d., Ljubljana (SID Bank Inc., Ljubljana) from Aa2 to Aa3 and placed it on review for further possible downgrade.

For SID Bank, which is guaranteed by the government, the ratings will be adjusted in-line with the government ratings. The bond of SID Bank (ISIN XS0504013912) has also been downgraded from Aa2 to Aa3.

  • April 2009

Moody's Investors Service has changed to stable from positive the outlook on the Aa2 issuer rating of SID Banka, d.d., Ljubljana (SID Bank). The bank's other ratings are unaffected by this action.

  •  March 2009

Moody's Investors Service has assigned an issuer rating of Aa2 to SID Banka, d.d., Ljubljana (SID Bank), with a positive outlook. The issuer rating has been placed at the level of the sovereign bond rating for the Government of Slovenia, reflecting Moody's view that the Slovenian government is firmly committed to supporting the bank, if necessary.

This view is supported by the fact that all liabilities of SID Bank are explicitly guaranteed by the Republic of Slovenia and also takes into account the bank's full government ownership, its public policy mandate and its strategic role in maintaining the flow of foreign funding into Slovenia within the context of the current financial crisis. The outlook for the bank's Aa2 issuer rating is positive.

 

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