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Moody’s revises Nadra & Index Bank’s ratings outlook to stable

Moody’s revises Nadra & Index Bank’s ratings outlook to stable

6 October 2008

Moody’s announced on Friday that it changed the outlook on Bank Nadra (NADR: N/R) Ba3 long-term currency deposit ratings to stable from positive; and Index Bank’s E+bank financial strength rating to stable from positive. Moody’s affirmed Index Bank’s Baa3 local currency (stable outlook) and B2 foreign currency (positive outlook) deposit ratings.

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