International rating agency Moody's Investors Service has withdrawn Rosevrobank's ratings, namely its long-term and short-term local currency and foreign currency deposit ratings of B1/Not Prime, Baseline Credit Assessment (BCA) and adjusted BCA of b1, and Counterparty Risk Assessment (CRA) at Ba3(cr)/Not Prime (cr). At the time of the withdrawal the bank's long-term deposit ratings carried a stable outlook.
The agency withdrew the ratings for its own business reasons, it noted.
The bank's national scale deposit rating of A1.ru was also withdrawn, showed a press release on the website of Moody's.
Rosevrobank itself explained that contractual relations with Moody's were terminated in mid-2015 at the lending institution's initiative "as the bank does not find it necessary to have three valid international ratings maintained at one and the same time".
The bank specified that currently it has valid ratings assigned by international rating agencies Fitch Ratings and Standard & Poor's (BLN), with a stable outlook. "So, the bank is one of BB-rated lending institutions together with big state-run banks and subsidiary banks of foreign lending institutions, and is also within the group with Russia's sovereign rating of ВВ+ (this rating is assigned by S&P — Banki.ru note)," Rosevrobank emphasized in a comment.
