PRIME-TASS. International rating agency Moody’s withdrew its ratings assigned to International Industrial Bank, Prime-TASS reported quoting the rating agency.
Before the withdrawal IIB’s ratings were as follows: the financial stability rating of E; long-term local and currency deposits ratings of C, short-term local and currency deposits ratings of Not Prime.
Also, the rating agency withdrew its C rating on the lender’s €400 mln CLN.
The rating action came because the bank’s banking license was revoked and the lending institution’s winding-up is in progress.
