Moody's Investors Service changed the outlook on AS “Latvijas Krājbanka” (hereinafter referred to as - Latvijas Krājbanka) D- bank financial strength rating (“BFSR”) and Ba2 long-term deposit ratings to negative from stable. The bank's Not Prime short-term deposit rating was affirmed. Moody's recognises that Latvijas Krājbanka benefits from a large deposit base, which accounted for 92% of its total funding at end-September 2008. As a result, its liquidity profile is not exposed to the risk of being unable to meet its debt repayments in the near term. The rating agency cautions that a downgrade of Latvijas Krājbanka's BFSR and deposit ratings could be prompted by a potential weakening of its asset quality, or a tightening of its liquidity profile given the current challenging market conditions in the Latvian banking sector. Kristīne Ozolniece AS “Latvijas Krājbanka” The expert of public relations Phone: 67068031 Mobile: 25912461 E-mail: kristine.ozolniece@lkb.lv
Moody's affirms AS “Latvijas Krājbanka” short-term deposit rating and changes outlook on long-term deposit rating
| Source: Latvijas Krajbanka