27.08.2009

Parex banka was assigned a long-term rating with a stable Outlook byinternational rating agency Moody’s Investors Service on 30 July 2009; thus,concluding Moody’s inves­tigation process launched in December 2008 with aninitial assumption of a potential downgrade. Moody’s also approved thepreviously assigned financial strength rating – E, with a stable outlook andshort-term rating Not-Prime.

The positive evaluation shows that Parex has weathered the crises of2008 well and that the bank has stabilized itself thus reiterating that theWIOF funds under its management are in good hands. To obtain more information onthe rating, please go to: http://www.parexgroup.com/