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2009-09-08 15:30:00 CEST 2009-09-08 15:30:01 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementMoody's Downgrades Pohjola's RatingsPohjola Bank plc Company release Release category: Stock Exchange Release 8 September 2009 at 4.30 pm Finnish time (GMT+3) Moody's Downgrades Pohjola's Ratings Moody's Investors Service has downgraded Pohjola Bank's long-term rating from Aa1 to Aa2 and its bank financial strength rating (BFSR) from C+ to C-. At the same time, the Prime-1 short-term rating was affirmed. The rating outlook is negative. Moody's also downgraded OP-Pohjola Group's BSFR from B to B- and Pohjola Insurance Ltd's insurance financial strength (IFSR) from A1 to A2. The outlook on these ratings is also negative. According to Moody's, the downgrade reflects the further deterioration of the Finnish economy and its possible effects on the bank. Pohjola Bank plc Carina Geber-Teir Senior Vice President, Corporate Communications For further information, please contact Jouko Pölönen, CFO, tel. +358 (0)10 252 3405 or Tarja Ollilainen, Senior Vice President, Investor Relations, tel. +358 (0)10 252 4494 Distribution NASDAQ OMX Helsinki London Stock Exchange SWX Swiss Exchange Major media op.fi and pohjola.fi |
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