Moody's recalls Industrialbank's ratings

Moody’s Investors Service reported this morning that it withdrew ratings on Ukraine’s Industrialbank. Moody’s said the recall was made at the request of the bank, which carried a bank financial stability rating of ‘E+’, long-term and short-term foreign currency rating of ‘B3/Not prime’ (negative outlook) and national scale rating of ‘Baa3.ua’. Industrialbank was Ukraine’s #38 largest bank, as of July 1, according to the National Bank of Ukraine.