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Moody's lowered Estonia's Balti Investeeringute deposit Outlook to „negative”
Juhan Tere, BC, Tallinn, 04.09.2008.
Print version
Print versionBalti Investeeringute Grupi Pank AS, an Estonian bank specializing in consumer crediting, had its B1 long-term deposit outlook lowered to "negative" by Moody's Investors Service.
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The Tallinn-based company's worsening asset quality and the higher cost of provisioning for bad loans are "likely to increase the pressure on its profitability", Moody's said in an e-mailed statement late yesterday.
Moody's affirmed the lender's E+ bank financial strength rating (BFSR) and Not Prime short-term deposit rating with a stable outlook.
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