Moody's downgrades Landsbanki Íslands hf. and will withdraw ratings
Moody's yesterday downgraded Landsbanki Íslands long-term deposit rating to C from Caa1 and its senior debt ratings to C from Caa2. Moody's also announced that they will withdraw the ratings within the next few days.
For further information, including complete ratings actions, please refer to the attached press release from Moody's.