Moody's: stable view for two Croatian banks

Moody's Investors Service said it has changed the outlooks on two rated Croatian banks - Zagrebacka Banka and Croatian Bank for Reconstruction and Development - following rating actions on the debt and deposit country ceilings for Croatia.

For Zagrebacka Banka, Moody's said it changed the outlook on the bank's Ba1 long-term and not-prime short-term foreign-currency deposit ratings to stable from positive. The bank ratings continue to be constrained by the country ceiling. The bank's D+ financial strength rating, A2 long-term local-currency deposit rating and A2 senior unsecured debt rating are affirmed with stable outlooks, the agency said.

For Croatian Bank for Reconstruction and Development, Moody's said it downgraded the bank's issuer rating to A3 from A1 and its unsecured debt rating also to A3 from A1. The outlook is now stable from positive.

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