Baku, Azerbaijan, Dec. 20
By Anvar Mammadov – Trend:
Moody’s Investors Service has withdrawn credit ratings of VTB Bank Azerbaijan Dec. 20.
The international ratings agency decided to withdraw the ratings for its own business reasons.
Previously, the bank’s long-term local and foreign currency deposits were rated at B3, the baseline credit assessment was caa3, and the outlook on the ratings was negative.
VTB Bank (Azerbaijan) is a subsidiary of Russia’s VTB Bank PJSC. Shareholders of VTB Bank (Azerbaijan) are VTB Bank PJSC and Ata Holding OJSC.
VTB Bank (Azerbaijan) renders services to corporate business customers, small businesses and private clients.