Komercni Banka Drops After Moody’s Downgrades Six Euro Nations

Komercni Banka AS (KOMB), the Czech unit of France’s Societe Generale SA, fell after Moody’s Investors Service cut its debt ratings on six euro-area countries, hurting demand for riskier assets worldwide.

The stock dropped 1.2 percent to 3,666 koruna by 9:57 a.m. in Prague, after rising 2.9 percent yesterday. The PX (PX) index of companies retreated 0.6 percent today.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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