OREANDA-NEWS. On November 13, 2008 Moody’s Investors Service has changed the outlook on NORVIK BANKA’s ratings: a bank financial strength rating (BFSR) and long-term deposit ratings from „stable” to „negative”, reported the press-centre of NORVIK BANKA.

Still, the ratings remained: a D- bank financial strength rating (BFSR), a long-term deposit rating of Ba3. The bank’s Not-Prime short-term deposit rating was affirmed.

The outlook on NORVIK BANKA’s ratings is motivated by the economic downturn in Latvia, which has a negative impact on the bank’s asset quality.