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Moody's withdraws ratings of Bulgaria-based First Investment Bank

Moody's on Aug. 22 withdrew all of First Investment Bank AD's ratings and assessments for its own business reasons.

The agency withdrew the Bulgarian bank's previously rated B3/Not Prime long- and short-term bank deposit ratings, B1/Not Prime long- and short-term counterparty risk ratings, Ba3(cr)/Not Prime(cr) long- and short-term counterparty risk assessments, and "caa1" baseline and adjusted baseline credit assessments.

The outlook on the company's long-term bank deposit rating was negative before it was withdrawn.