Moody's has decided to downgrade Commerzbank's long-term debt rating from A3 to Baa1 – The low profitability of the stock and weak results weigh on the German bank.
Moody's ax falls on Commerzbank. In fact, the rating agency lowered its rating on the long-term debt of the German institution by one step, taking it from A3 to Baa1, given its low profitability, while the outlook, which was negative, is set at "stable".
Commerzbank stocks are thus relegated to the cauldron of medium-quality investments, able to fulfill their commitments, but under pressure from weak results.
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