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Moody's withdraws deposit ratings on Montenegro's Atlas Bank

Moody's withdraws deposit ratings on Montenegro's Atlas Bank

PODGORICA (Montenegro), June 18 (SeeNews) –  Moody's Investors Service said it has withdrawn Montenegro’s Atlas Bank B2 long-term foreign- currency deposit rating, Not Prime short-term deposit rating and E+ standalone bank financial strength rating (BFSR), equivalent to a b3 baseline credit assessment.

At the time of the withdrawal the Atlas Bank's long-term rating and the BFSR carried a negative outlook, Moody’s said in a statement on Tuesday.

Moody's has withdrawn the rating for its own business reasons.

Podgorica-based Atlas Bank had total assets of 240 million euro ($325 million) at the end of 2013.

($=0.7398)

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