Moody's withdraws IBA-Moscow's ratings

Moody's withdraws IBA-Moscow's ratings
  • Clock-gray 12:48
  • calendar-gray 03 May 2018

Moody's Investors Service, ("Moody's") has today withdrawn IBA-Moscow's following ratings:

 

- Long-term local- and foreign-currency deposit rating of B3

- Short-term local and foreign-currency deposit ratings of Not Prime

- Long-term Counterparty Risk Assessment of B2(cr)

- Short-term Counterparty Risk Assessment of Not Prime(cr)

- Baseline credit assessment (BCA) and adjusted BCA of b3

 

At the time of the withdrawal, all the bank's long-term ratings carried a stable outlook.

 

Moody's has decided to withdraw the ratings for its own business reasons.

 

IBA-Moscow is a small Russia-based bank which was established in 2002 as a 100%-owned foreign subsidiary of International Bank of Azerbaijan, Azerbaijan's largest state-controlled bank. In March 2018, the bank's controlling shareholder decided to liquidate some subsidiaries, including IBA-Moscow.

 

Other news