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Moody's withdraws deposit ratings and CR assessments of Minsk Transit Bank

January 26, 2016 | Cbonds

Moody's Investors Service has today withdrawn the Caa1/Not-Prime local-currency deposit rating, the Caa2/Not-Prime foreign-currency deposit rating, its caa1/caa1 baseline credit assessment (BCA)/Adjusted BCA and the B3(cr)/Not-Prime(cr) Counterparty Risk Assessments of Minsk Transit Bank, based in Belarus (Caa1 negative). At the time of the withdrawal the bank's long-term deposit ratings carried a negative outlook.

RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

REGULATORY DISCLOSURES

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Company: MTBank

Full company nameMTBank CJSC
Country of riskBelarus
IndustryBanks

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