IPB: IPB’s stock was suspended by the Prague Stock Exchange from trading in the middle of the day on Thursday after the stock plunged more than 20%, to CZK 57. Later in the day, the Securities Commission suspended the stock from trading at all as of Friday. The Commission argued that inaccurate or confidential information related to the negotiations between Nomura and the representatives of the Ministry of Finance and the Czech National Bank could result in large losses to uninformed capital-market participants. Separately, Moody’s rating agency said it is revising its long-term and short-term credit ratings for IPB, with a possibility of downgrading them, and downgraded IPB’s financial strength from E+ to E.
(Ondřej Daťka)