London, 15 April 2014 -- Moody's Investors Service has today downgraded to Ba3 from Ba2 Credit Europe Bank N.V.'s (CBNV) long-term deposit ratings, prompted by the weakening in the standalone credit profile of the bank's main subsidiary Credit Europe Bank Ltd. (CEBL), based in Russia (Baa1 review for downgrade), reflected in the lowering of the Russian subsidiary's standalone financial strength rating (BFSR) to E+ / b1 baseline credit assessment (BCA) from D-/ba3.

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