RIYADH: Moody’s Investors Service, the bond credit rating business of Moody’s Corporation, has withdrawn all credit ratings of several Russia-affiliated entities, according to a statement.
This includes all ratings of the Government of Russia along with rated Russian sub-sovereign entities.
The bond credit rating firm has also withdrawn local as well as foreign-currency ceilings for Russia.
The reason for the withdrawals goes back to the firm’s own business purposes.
For each of the credit ratings, Moody’s tackles EU endorsement status, UK endorsement status, rating solicitation, issuer participation, access to management, access to internal documents, and releasing office.
All ratings have been disclosed to the rated entity or its agent and issued with no amendments from the disclosure.
