RSS Feed
May 31st, 2012 
FAKE NEWS for the Zionist agenda The ratings agency lowered the debt ratings of the banks, along with the Finnish subsidiary of one of the banks, by up to three notches on Wednesday, AFP reported.
The banks are Danske Bank, Jyske Bank, Sydbank, Spar Nord Bank, Ringkjobing Landbobank, Nykredit, Realkredit, DLR Kredit, and Danmarks Skibskredit. Moody’s also downgraded Danske Bank’s Finnish arm Sampo Bank.
“Danish financial institutions face sluggish domestic economic growth, weakening real estate prices, and higher levels of unemployment, as well as the risk of external shocks from the ongoing euro area debt crisis,” Moody’s said.
“Asset quality is deteriorating, and these pressures are expected to continue,” it added.
The agency also noted that the significant reliance of most of the financial institutions on market funding has enhanced their vulnerability to the eurozone crisis.
“Structural changes to that market have increased refinancing risk, posing a particular concern for mortgage credit institutions whose access to alternative funding is limited,” Moody’s stated.
Europe was hit by a serious financial crisis in 2008 and the situation has intensified over the past few months.
GJH/MHB/AS/HN
Related posts:
Views: 0
Posted in 
Tags: 
