BANK CREDIT RESEARCH WEEKLY RATINGS LIST Banks Securities Firms Country Ceilings November 17, 2008 Published weekly by Moody’s Investors Service New York • Tokyo • London • Paris • Sydney • San Francisco • Frankfurt • Madrid • Dallas • Toronto Hong Kong • Singapore • Limassol • São Paulo • Milan • Mexico City • Beijing • Buenos Aires • Taipei Chicago • Johannesburg • Jersey City • Boston • Seoul • Moscow • Mumbai • Prague • Jakarta • Dubai Moody’s Investors Service • 1 • Moody’s Investors Service • 2 • Table of Contents Global Bank Ratings. 5 Global Bank Ratings by Country. 36 Government Bonds & Country Ceilings . 71 Global Banks by Rating . 74 Global Banks by Financial Strength Ratings . 75 Bank Preferred Stock Ratings. 108 Securities Industry Ratings . 115 Moody’s Investors Service • 3 • Moody’s Investors Service • 4 • Global Bank Ratings - Alphabetic by Ultimate Parent November 17, 2008 [1] LT Bank Financial [2] Long-term Debt Issuer [3] Short- [4] Outlook Deposits Strength Senior Subord. Rating term AB BANKAS SNORAS RUR Ba3 D- NR — — NP AB UKIO BANKAS RUR Ba3 D- — — — NP ABANKA VIPA D.D. STA A3 D+ — — — P-2 ABH FINANCIAL (ALFA) — — — — — — — Alfa MTN Markets Limited STA — — Ba1 — — NP Alfa-Bank STA Ba1 D+ — Ba2 — NP Alfa Bank Ukraine STA B2 E+ Ba3 — — NP Alfa-Bank Kazakhstan STA Ba3 E+ — — — NP ABN AMRO HOLDING N.V. STA — — (P)Aa3 (P)A1 — — ABN AMRO Bank N.V. STA(m) Aa2 B- Aa2 Aa3 Aa2 P-1 ABN AMRO Bank N.V. (Argentina) STA Caa1 — — — — NP ABN AMRO Bank N.V. London Branch DEV — — Aa2 — — — ABN AMRO Bank N.V., Australian B STA — — Aa2 — — P-1 ABN AMRO Bank N.V., Chicago STA Aa2 — — Aa3 — — ABN AMRO Bank N.V., Paris STA Aa2 — — — — P-1 ABN AMRO Bank N.V.,Montevideo Br STA(m) B2 — — — — NP ABN AMRO North America Fin Inc. STA — — — — — P-1 ABN-AMRO Bank N.V., New York STA Aa2 — — Aa3 — — ABU DHABI COMMERCIAL BANK STA Aa3 C- Aa3 A1 — P-1 ABU DHABI ISLAMIC BANK STA — D — — A2 P-1 ADIB Sukuk Company Ltd. STA — — A2 A3 — — ACBA - CREDIT AGRICOLE STA Ba3 D- — — — NP ACLEDA NGO — — — ———— ACLEDA Bank Plc STA B3 D — — B1 NP ACTIVE-BANK STA B3 E+ — — — NP AFRICAN BANK INVESTMENTS LIMITED — — — — — — — African Bank Limited STA Baa2 D+ — — — P-2 AGENCY FOR HOUSING MORTGAGE LENDING OPEN JOINT-STO STA — — — — A3 P-1 AGRICULTURAL BANK OF CHINA STA(m) A1 E — — — P-1 AGRICULTURAL BANK OF GREECE S.A. STA Baa1 D — — — P-2 AGRICULTURAL DEVELOPMENT BANK OF CHINA STA — — — — A1 P-1 AGROIMPULS JSCB STA B3 E+ — — — NP AHLI BANK S.A.O.G. STA Baa1 D — — — P-2 AK BARS BANK STA Ba2 D- Ba2 — — NP AKBANK TAS STA B1 C- — — — NP AKIBANK STA B3 E+ — — — NP AKTIA BANK P.L.C. STA A1 C — — — P-1 AL AHLI BANK OF KUWAIT STA A1 C- — — — P-1 AL RAJHI BANK STA A1 C — — — P-1 ALJBA ALLIANCE COMMERCIAL BANK STA B3 E+ — — — NP ALLIANCE & LEICESTER PLC STA Aa3 C+ Aa3 A1 Aa3 P-1 Alliance & Leicester Gp Trsy STA — — Aa3 — — P-1 ALLIANZ SE STA — — Aa3 A2 — P-1 Dresdner Bank AG STA(m) Aa3 C Aa3 A1 Aa3 P-1 Dresdner Bank AG, NY Branch STA(m) — — — A1 — — Dresdner Bank Luxembourg S.A. STA(m) A1 C A1 — A1 P-1 Dresdner Finance B.V. STA(m) — — Aa3 — — P-1 Dresdner U.S. Finance Inc. STA — — — — — P-1 ALLIED BANKING CORPORATION RUR B1 E+ — Ba3 — NP ALLIED IRISH BANKS, P.L.C. STA Aa2 B- Aa2 Aa3 — P-1 AIB North America, Inc. STA Aa2 — Aa2 — — P-1 Allied Irish Banks, NY STA — — — — — P-1 Bank Zachodni WBK S.A. STA(m) A2 C- — — — P-1 ALOKABANK JOINT-STOCK COMMERCIAL BANK STA B3 E+ — — — NP ALPHA BANK AE STA A1 C A1 A2 — P-1 Alpha Credit Group plc STA — — A1 A2 — P-1 AMAGERBANKEN A/S NEG A3 C- — — — P-2 AMARILLO NATIONAL BANCORP, INCORPORATED — — — — — — — Amarillo National Bank STA A3 C — — A3 P-2 [1] Moody's deposit obligations ratings are issuer (rather than issue) ratings. For U.S. banks & thrifts, this rating applies only to domestic obligations. Other Senior Obligations (OSO) of U.S. banks are covered by the OSO ratings on the U.S. Banks & Thrifts / OSO Ratings list. For non-U.S. banks, the deposit obligation rating applies to all foreign deposit obliga- tions; if a foreign deposit obligation does not exist, and that of a domestic deposit obligation does, it is the domestic deposit obligation rating that is listed. [2] The long-term ratings listed reflect the ratings on specific rated debt issues. [3] Moody's short-term debt rating for commercial paper, bank deposits, or other short-term debt. [4] The Outlook is based on the LT local currency Bank Deposit Rating. Moody’s Investors Service • 5 • Global Bank Ratings - Alphabetic by Ultimate Parent November 17, 2008 [1] LT Bank Financial [2] Long-term Debt Issuer [3] Short- [4] Outlook Deposits Strength Senior Subord. Rating term AMBANK GROUP — — — ———— AmBank (M) Berhad STA Baa2 D- — — — P-3 AMEN BANK STA Baa2 D- — — — P-2 AMERICAN EXPRESS COMPANY NEG — — A2 Baa1 A2 P-1 AMP LTD. — — — — — — — AMP Bank Limited STA A2 D+ A2 A3 A2 P-1 ANADOLUBANK AS POS(m) B1 D — — — NP ANELIK BANK CJSCO. NEG Ba3 D- — — — NP ANGLO IRISH BANK CORPORATION PLC RUR A1 C+ A1 A2 A1 P-1 AOZORA BANK, LTD. NEG A3 D+ A3 — — P-2 ARAB BANK PLC STA Ba3 C+ — — — NP Arab Bank Australia Limited STA A3 D+ A3 Baa1 A3 NR Arab Bank Plc (Dubai Branch) STA A3 — — — — P-2 ARAB BANKING CORPORATION B.S.C. STA(m) A3 C- — — — P-2 Banco ABC Brasil S.A. NEG(m) Ba2 D+ — — — NP ARAB NATIONAL BANK STA A1 C A1 A2 — P-1 ARAB TUNISIAN BANK STA Baa2 D — — — P-2 ARDSHININVESTBANK CJSC STA Ba3 D- — — — NP ARMECONOMBANK (ARMENIAN ECONOMY DEVELOPMENT BANK) NEG Ba3 D- — — — NP ASIA COMMERCIAL BANK STA(m) B1 D — — Ba2 NP ASIAUNIVERSALBANK JSC STA Caa2 E — — — NP ASSICURAZIONI GENERALI S.P.A STA — — A1 A2 — — BSI AG STA A1 C+ — — — P-1 ASSOCIATED BANC-CORP NEG — — (P)A2 A3 — P-1 Associated Bank, N.A. NEG A1 B- A1 A2 — P-1 ASTORIA FINANCIAL CORPORATION NEG — — A2 — A2 — Astoria Federal Savings & Loan STA A1 B- — — A1 P-1 ASYA KATILIM BANKASI A.S. STA B1 D — — — NP ATTIJARIWAFA BANK STA Ba2 D+ — — — NP AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED STA Aa1 B Aa1 Aa2 Aa1 P-1 ANZ Banking Group Ltd, NY Br. STA — — — — — — ANZ Capital Trust II STA — — — — — — ANZ National Bank Ltd STA Aa2 C+ Aa2 Aa3 Aa2 P-1 ANZ Banking Group (NZ) Ltd. STA — — Aa2 — — — National Bank of New Zealand STA — — Aa2 Aa3 — — AVTOVAZBANK STA Caa1 E — — — NP AXIS BANK LTD STA Ba2 C- — — — NP Axis Bank Ltd, Singapore Branch STA — — Baa2 Baa2 — — B.F. SAUL REAL ESTATE INVESTMENT TRUST NEG — — — — Ba3 — Chevy Chase Bank FSB NEG Baa2 C- — Baa3 Baa2 P-2 Chevy Chase Preferred Cap. Corp. NEG — — — — — — BALTI INVESTEERINGUTE GRUPI PANK AS NEG(m) B1 E+ — — — NP BALTIC INTERNATIONAL BANK STA B1 E+ — — — NP BALTINVESTBANK STA B3 E+ — — — NP BALTIYSKIY BANK STA B2 E+ — — — NP BANC INTERNACIONAL D'ANDORRA, S.A. STA A2 C+ — — — P-1 BANCA CARIGE S.P.A. STA A2 C- — — A2 P-1 BANCA COMERCIALA CARPATICA S.A. STA Ba3 D- — — — NP BANCA DELLA MARCA CREDITO COOPERATIVO STA A3 C- — — — P-1 BANCA DELLE MARCHE S.P.A. STA A2 C- A2 A3 — P-1 BANCA ITALEASE S.P.A. STA Ba1 D- Ba1 Ba2 — NP BANCA MARCH S.A. STA A2 C — — — P-1 BANCA MONASTIER E DEL SILE STA A3 C- — — — P-1 BANCA MONTE DEI PASCHI DI SIENA S.P.A. STA Aa3 C Aa3 A1 — P-1 Banca Antonveneta RUR A1 C- A1 A2 — P-1 Banca Monte dei Paschi, London STA — — Aa3 A1 — P-1 Banca Toscana S.p.A. RUR A1 C NR — A1 P-1 MPS Capital Services STA A1 D+ — — — P-1 BANCA POPOLARE DELL'ALTO ADIGE-SUEDTIROLER VOLKSBA STA A1 C A1 A2 — P-1 [1] Moody's deposit obligations ratings are issuer (rather than issue) ratings. For U.S. banks & thrifts, this rating applies only to domestic obligations. Other Senior Obligations (OSO) of U.S. banks are covered by the OSO ratings on the U.S. Banks & Thrifts / OSO Ratings list. For non-U.S. banks, the deposit obligation rating applies to all foreign deposit obliga- tions; if a foreign deposit obligation does not exist, and that of a domestic deposit obligation does, it is the domestic deposit obligation rating that is listed. [2] The long-term ratings listed reflect the ratings on specific rated debt issues. [3] Moody's short-term debt rating for commercial paper, bank deposits, or other short-term debt. [4] The Outlook is based on the LT local currency Bank Deposit Rating. Moody’s Investors Service • 6 • Global Bank Ratings - Alphabetic by Ultimate Parent November 17, 2008 [1] LT Bank Financial [2] Long-term Debt Issuer [3] Short- [4] Outlook Deposits Strength Senior Subord. Rating term BANCA POPOLARE DI CIVIDALE SCPA STA A3 C- A3 Baa1 — P-2 BANCA POPOLARE DI MAROSTICA SCPAARL STA A2 C — — — P-1 BANCA POPOLARE DI MILANO S.C.A R.L STA A1 C A1 A2 A1 P-1 BANCA POPOLARE DI SPOLETO STA A3 C- — — — P-1 BANCA SELLA HOLDING STA A2 C- A2 A3 — P-1 BANCA TERCAS STA A3 C- — — — P-1 BANCAPULIA S.P.A. NEG(m) Baa2 D+ — — — P-2 BANCO AUTOFIN MEXICO, S.A. STA B1 E+ — — — NP BANCO BANDES URUGUAY S.A. RUR B2 E+ — — — NP BANCO BBM S.A.