Moody's on June 15 withdrew its ratings on Russian lenders Joint Stock Commercial Mortgage Bank Akibank (PJSC) and PJSC Rosgosstrakh Bank, citing business reasons.

The agency withdrew Akibank's Caa1/Not Prime long- and short-term local- and foreign-currency bank deposit ratings, "caa1" baseline and adjusted baseline credit assessments and B3(cr)/Not Prime (cr) long- and short-term counterparty risk assessments. The outlook on Akibank's long-term ratings was negative at the time of withdrawal.

Moody's also withdrew the B2/Not Prime long- and short-term local- and foreign-currency bank deposit ratings, "b2" baseline and adjusted baseline credit assessments and B1(cr)/Not Prime(cr) long- and short-term counterparty risk assessments of state-controlled RGS Bank. The long-term ratings had a developing outlook at the time of withdrawal.