Moody’s spares Denizbank

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Moody’s spares Denizbank

The possible Dexia group split-up and potential sale of Denizbank are ratings neutral for Denizbank, said Moody’s, as its ratings do not incorporate any rating support from its parent. Denizbank is rated Ba3 by the rating ageny. Last Thursday Fitch also affirmed its BBB- rating on the bank.

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