23.06.2014 15:41:00

Moody's downgrades covered bonds of Hypo Tirol and Kommunalkredit

Frankfurt am Main, June 23, 2014 -- Moody's Investors Service has today downgraded to Aa1 from Aaa the ratings on the guaranteed public-sector covered bonds, and to Aa2 from Aa1 the ratings on the unguaranteed public-sector covered bonds, issued by Hypo Tirol Bank AG (Hypo Tirol, deposits Baa3 negative; bank financial strength rating E+/adjusted baseline credit assessment b1).

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