Moody's Reconfirms Romania’s BRD Ratings

Financial evaluation agency Moody's restated, Friday, the ratings issued for BRD-Groupe Societe Generale, feeling that the losses registered by the mother bank, Societe Generale France, from the EUR4.9 billion fraud, will not have an impact on the activity of the subsidiary.The financial solidarity rating was confirmed at "D+," with stable outlook, according to a press release issued by the agency.At the same time, the agency reconfirmed the ratings for local currency deposits at "A2," for long term deposits, and "Prime-1," for short term ones. The rating outlook for bank deposits is stable.

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