To NASDAQ OMX Copenhagen A/S and
the Stockexchange in Luxembourg
1 July 2011
Announcement no. 58/2011
Moody's downgrades BRFkredit's issuer rating
Moody's has today announced that they downgrade the issuer rating of BRFkredit to Baa3 from Baa1.
Moody’s has at the same time downgraded BRFkredits capital center E to Aa2 from Aa1 with an overcollateral requirement of 14,5 % (previously 14,0 % for a Aa1-rating).
The overcollateral requirement regarding BRFkredits capital center B, rated Aa3 has been set at 8,5% (previously 1,5 %), while the overcollateral requirement regarding BRFkredits General Capital Centre, rated Aa3 has been set to 5% (previously 0,5 %).
BRFkredit is surprised and unable to understand Moody’s rating action. BRFkredit will use the coming days to identify the impact of Moody’s rating action and the measures to be taken.
Both press releases from Moody’s Investor Services are attached.
Contact:
Executive vice president
Carsten Tirsbæk Madsen,
Phone 45 26 28 71 or mobile 40 25 88 74
Yours sincerely
BRFkredit a/s
Carsten Tirsbæk Madsen
Please note that the Danish version of this announcement prevails.
