February 19 (SeeNews) - Moody's Investors Service said on Wednesday it has withdrawn all of its ratings for the Croatian Bank for Reconstruction and Development, HBOR, including the bank's Ba2 foreign currency issuer rating.
"Moody's has decided to withdraw the ratings for its own business reasons," the ratings agency said in a brief note without elaborating.
The decision also includes the withdrawal of HBOR's backed senior unsecured MTN programme, previously rated at (P)Ba2.
At the time of the withdrawal, HBOR's long-term foreign currency issuer rating carried a positive outlook, Moody's said.