"Like our Global Scale Ratings, NSRs
are based on our independent, transparent and forwarding-looking methodologies, complemented by our analytical resources."
Byblos Bank's A3.lb long-term and LB-2 short-term Lebanese NSRs
reflect its strong relative creditworthiness within the Lebanese credit environment driven by an established market position and superior liquidity profile, furthermore, although the bank is exposed to large asset and liability maturity mismatches, this exposure is lower compared to peers.
In addition, in order to clarify the meaning of NSRs
, overlap -- where two GSRs can correspond to the same NSR
-- has been eliminated from the Tunisian national scale map, so every NSR
now maps back to just one GSR.
In January 2007 IHC EB delivered the PLARS for NSRS
, which forms a vital part of this high specification emergency response system.
Accordingly, in conjunction with the rating review of their global-scale ratings, DBSA's, IDC's and Land Bank's long-term NSRs
were placed on review for possible downgrade, along with Moody's expectation that a remapping of the NSR
in the event of a sovereign downgrade would provide a wider range of NSR
positions for the highest global scale rating assigned to local entities compared to what was previously the case.
Today's rating actions on the subsidiaries' NSRs
were prompted by the
differ from Moody's global scale credit ratings in that they are not globally comparable with the full universe of Moody's rated entities, but only with NSRs
for other rated debt issues and issuers within the same country.
The two banks' NSRs
incorporate Moody's assessment of the systemic support uplift that is derived from Russia's government debt rating.
Moody's Interfax Rating Agency has today affirmed Baa1.ru national scale ratings (NSRs
) of Asian-Pacific Bank.
Moody's has taken no action on existing National Scale Ratings (NSRs
) in Turkey.