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.