"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
NSRs 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.