Moody’s Lowers Abanka’s Sovereign-Backed Debt, Outlook Negative

Moody’s Investors Service downgraded the government-guaranteed debt of Abanka Vipa d.d. to ’A2’’ and assigned it a negative outlook, the Ljubljana-based Stock Exchange said in a statement today.

Slovenia’s third-biggest bank by assets reported an after- tax loss of 119 million euros ($157.9 million) in 2011, on mounting bad-loan provisions.

To contact the reporters on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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