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Moody's withdraws ratings on DZ BANK Ireland


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Moody's withdraws ratings on DZ BANK Ireland

Moody's on June 7 withdrew all ratings of DZ BANK AG unit DZ Finance Ireland Ltd., formerly known as DZ BANK Ireland.

The agency withdrew DZ BANK Ireland's A1/P-1 long- and short-term foreign- and local-currency deposit ratings, A1(cr)/P-1(cr) long- and short-term counterparty risk assessments, "baa2" baseline credit assessment and "a2" adjusted baseline credit assessment. Moody's noted that at the time of withdrawal, the outlook on the long-term deposit ratings was positive.

Moody's said it withdrew the ratings as the company's obligations are no longer outstanding. DZ BANK Ireland closed in 2016.