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Maroc Maroc - ESSENTIAL-BUSINESS.PT - A La Une - 30/Aug 07:50

Moody’s improves Novobanco debt rating

The US ratings agency Moody’s increased the rate of Novobanco’s non-secured senior debt from Ba1 to Baa3 on Thursday with a ‘positive outlook’. It means that bank’s investment prospects are no longer seen as speculative or ‘junk’ status. It is good news for the bank as speculation swirls that it is being prepared for either […]

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