Baku - APA-Economics. Moody's Investors Service has today placed on review for downgrade Bank Technique OJSC's Caa1 long-term local and foreign-currency deposit ratings and caa2 baseline credit assessment (BCA), reflecting the rating agency's view that the bank's capital cushion, undermined by a heavy one-off foreign-currency revaluation loss in February of this year, will not be replenished in a sufficient and timely manner. At the same time, Moody's has affirmed the Not-Prime short-term global local and foreign-currency deposit ratings.
Moody's Investors Service has today changed the outlook on Bank Technique OJSC's long-term local and foreign-currency deposit ratings to Caa2 from Caa1.
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