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Moody's withdraws Burgan Bank's ratings

Moody's on June 1 withdrew Burgan Bank AS' Ba3/Not Prime long- and short-term foreign- and local-currency deposit ratings for its own business reasons.

The agency also withdrew the bank's "b2" baseline credit assessment, "ba3" adjusted baseline credit assessment and Ba2(cr)/Not Prime(cr) long- and short-term counterparty risk assessments. The outlook on Burgan Bank was stable at the time of withdrawal.