Banco Bandes Uruguay S.A. -- Moody's downgrades Banco Bandes Uruguay S.A.'s deposits ratings, with negative outlook
Buenos Aires City, January 31, 2013 -- Moody's Investors Service downgraded Banco Bandes Uruguay S.A.'s (Bandes) deposit ratings in local and foreign currency, to B3 from B2, in the global scale, and to Baa3.uy from Baa1.uy, in the national scale. Moody's also changed the outlook of the deposits ratings to negative, from stable. At the same time, Moody's affirmed Bandes' standalone financial strength rating of E, which maps to a standalone credit assessment of caa1.
