Morocco: Moody's withdraws Attijariwafa Bank's ratings
Moody's Investors Service today withdrawn all the ratings of Morocco-based Attijariwafa bank. The rating agency's decision to withdraw the bank's ratings was driven by business reasons and not linked to any credit issue.
The following ratings are being withdrawn:
1. Bank Financial Strength Rating (BFSR): D+
2. Local Currency Deposit Rating (long term): Baa2
3. Local Currency Deposit Rating (short term): Prime-2
4. Foreign Currency Deposit Rating (long term): Ba2
5. Foreign Currency Deposit Rating (short term): Not Prime
6. Outlook (on all ratings): Stable
At the time of the withdrawal, Attijariwafa bank had no outstanding debt rated by Moody's.
Attijariwafa bank is based in Morocco. Its total assets amounted to MAD297.7 billion (USD36.0 billion) at 30 June 2010.
- United Arab Bank makes AED250,000 contribution to Al Thiqah Club for the Handicapped
- Opening up: is Saudi Arabia's stock market ready for an upgrade?
- Severe symptom of a savings gap? Turkey leads Europe in credit card debt
- Gulf stocks facing some serious 'downward pressures'
- Long-anticipated hike: Dollar on track for best annual gain in nine years