Madrid, July 02, 2013 -- Moody's Investors Service has downgraded the ratings of the three Spanish banking groups owned by the Fund for the Orderly Resolution of the Banking System (FROB). The debt and deposit ratings of Bankia were downgraded by two notches to B1 with a negative outlook. The debt and deposit ratings of the other two banks, Catalunya Banc S.A. (Catalunya Banc) and NCG Banco S.A. (NCG Banco) were both downgraded by two notches to B3 from B1 with a negative outlook.

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