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Kaupthing Bank (STO:KAUP) Moody's Investors Service has today placed the credit ratings of Kaupthing Bank hf. ("Kaupthing") on review for possible downgrade. The Bank's long-term rating of A1 and financial strength rating (BFSR) of C- have been placed on review for possible downgrade, while Kaupthing's short-term rating of P-1 has been affirmed by Moody's.
According to Moody's, this rating action was triggered by further weakening of financial fundamentals within the Icelandic banking system in light of the global tightening of liquidity.
About Kaupthing Bank Kaupthing Bank is a Northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate and retail banking, investment banking, capital markets services, treasury services, asset management and comprehensive wealth management for private banking clients.
The Bank operates in all the Nordic countries, as well as an ever-growing number of countries throughout Europe, the Middle East and the United States. www.kaupthing.com
