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Only one week after Moody's Investors Service downgraded the ratings of Factor Banka, the Slovenian bank decided to officially...
Only one week after Moody's Investors Service downgraded the ratings of Factor Banka, the Slovenian bank decided to officially merge with its entirely-owned local KD Banka company. In the first week of August, the rating of Slovakian bonds fell down to Baa2 -- just two slots above junk rating -- and the debt rating of Factor Banka (along with competitor Abanka Vipa) fell from A2 to Baa2. Six days later, Slovenia’s Factor Banka Announces Merger With KD Bank, a company that it owns 100% of all shares of, a business move made earlier in the year. Right...