NIBC cut by S&P, but positives cited

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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NIBC cut by S&P, but positives cited

Standard & Poor’s downgraded NIBC Bank from BBB+ to BBB yesterday (Thursday) because of an increased likelihood that the bank will report a loss for 2009, with asset quality deteriorating and pressure on net interest income.

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