Moody's Investors Service, ("Moody's") has today withdrawn IBA-Moscow's following ratings: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