Bloomberg News

Komercni Banka Drops After Moody’s Downgrades Six Euro Nations

February 14, 2012

Feb. 14 (Bloomberg) -- Komercni Banka AS, the Czech unit of France’s Societe Generale SA, fell after Moody’s Investors Service cut its debt ratings on six euro-area countries, hurting demand for riskier assets worldwide.

The stock dropped 1.2 percent to 3,666 koruna by 9:57 a.m. in Prague, after rising 2.9 percent yesterday. The PX index of companies retreated 0.6 percent today.

--Editors: Peter Branton, Ana Monteiro

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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