Nova Kreditna Bank Cut by S&P as Assets Quality Worsens
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Nova Kreditna Banka Maribor d.d., Slovenia’s second-biggest lender by assets, had its rating cut by one level at Standard & Poor’s because of a deteriorating asset quality.
The ratings service lowered the unsolicited public information rating of the Maribor-based bank to BBpi from BBBpi, S&P said in a statement today. The banks’s 2011 larger than previously estimated loss also contributed to the cut, analysts including Pierre Gauter said in the statement.