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Moody's downgrades Banco Sabadell to Ba2 from Ba1; negative outlook assigned-Reuters

Tuesday, 14 Jan 2014 12:37pm EST 

Banco de Sabadell SA:Moody's has downgraded the debt and deposit ratings of the company to Ba2/Not Prime from Ba1/Not Prime-Reuters.It follows the lowering of the bank's baseline credit assessment (BCA) to ba3, equivalent to a standalone bank financial strength rating (BFSR) of D- (from D/ba2)-Reuters.All of the company's ratings now carry a negative outlook.This rating action concludes the review for downgrade initiated on July 4, 2013. 

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