October 2 (SeeNews) - Moody's Investors Service has withdrawn all of its country ceilings for Moldova and the rating of the country’s government due to lack of adequate information, it said late on Thursday.
The agency issued the following statement:
"Moody's Investors Service has today withdrawn all of its country ceilings for Moldova and also the ratings of its government, the Republic of Moldova. The ratings have been withdrawn because Moody's believes it lacks adequate information to maintain a rating. Please refer to Moody's Withdrawal Policy on www.moodys.com.
The last rating action with respect to Moldova was on May 24, 2006 when the country ceiling for foreign currency debt was raised to B3 from Caa1 in the context of Moody's methodology change for foreign currency country ceilings.
The principal methodology used in rating Moldova was Moody's "Sovereign Bond Methodology," published in September 2008 and available on www.moodys.com in the Rating Methodologies sub-directory under the Research & Rating tab. Other methodologies and factors that may have been considered in the process of rating this issuer can also be found in the Rating Methodologies sub-directory on Moody's website. "