TEXT-Moody's release on Aozora Bank Limited

Newswire

(The following statement was released by the ratings agency) Oct 29 - Moody's Investors Service today downgraded Aozora Bank, Limited's (Aozora) bank financial strength rating (BFSR) to D+ from C-, the base line credit assessments to Baa3 from Baa2, the long-term and short-term deposit ratings to A3/P-2 from A2/P-1, and senior unsecured debt rating to A3 from A2. The outlook for these ratings is negative. This rating action concludes the review initiated on September 18, 2008. The ...

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