Moody’s alters Commerzbank view to negative

Moody’s Investors Service said it changed the outlook for Commerzbank AG to negative from stable.

The change in outlook reflects the uncertainty regarding Commerzbank’s future liability structure. In particular, the view reflects the agency’s assessment of delays around Commerzbank’s full delivery on the bank’s medium-term funding plan, the uncertainty of the future balance sheet development as regards to lending volumes, and uncertainty as to the bank’s repayment plan for participation in the European Central Bank’s targeted longer-term refinancing operations III, Moody’s said.

Moody’s also affirmed the long-term senior unsecured debt and issuer ratings at A1.

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