Moody's has Withdrawn Ratings from Russian Standard
OREANDA-NEWS. Moody's has withdrawn credit ratings from Russian Standard Bank, the report said.
"Moody's decided to withdraw ratings for their own business reasons," the agency said, without specifying them. At the time of the decision, the long-term deposit ratings of the bank had a stable outlook.
As noted, the decision to revoke ratings was made by Moody's “for its own business reasons.” At the time of the recall, the long-term deposit ratings of the credit institution had a positive outlook.
In order to optimize costs, Russian Standard retained a contract only with the international agency S & P Global Rating. The bank has a S & P Global Rating “B- / B” with a stable outlook.