The actions follow a similar rating action on the parent Commerzbank AGLondon, 29 April 2013 -- Moody's Investors Service has today downgraded BRE Bank S.A.'s (BRE) long-term bank deposit rating to Baa3 from Baa2 with a stable outlook. BRE's short-term rating was also downgraded to Prime-3 from Prime-2. BRE's standalone bank financial strength rating (BFSR) at D equivalent to a ba2 baseline credit assessment (BCA) was affirmed with a stable outlook.
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