Hypo Alpe-Adria-Bank public Pfandbriefe cut a notch
Moody’s downgraded unguaranteed public sector-backed covered bonds issued by Austria’s Hypo Alpe-Adria-Bank from Aa1 to Aa2 yesterday (Tuesday) after cutting the issuer rating earlier in the day. The rating agency also cut Vorarlberger Landes- und Hypothekenbank’s issuer rating.
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