Report title: Moody's downgrades Glitnir's covered bonds to Ba3 direction uncertain
from Moody's Global Credit Research
947 word report published Oct 09, 2008

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Global Credit Research Rating Action # OCT #### Rating Action: Glitnir Banki hf Covered Bond Programme Moody's downgrades Glitnir's covered bonds to Ba# direction uncertain London, ## October #### -- Moody's Investors Service has today...

Report Type: Rating Action
Issuer: Glitnir Banki hf Covered Bond Programme
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 Moody's Global Credit Research
Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.
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