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Moody's withdraws ratings of Hungary's Takarék Jelzálogbank

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Moody's withdraws ratings of Hungary's Takarék Jelzálogbank

Moody's on Sept. 6 withdrew the ratings of Takarék Jelzálogbank Nyrt., or Takarek Mortgage Bank, because it has insufficient or inadequate information to support the ratings' maintenance.

The agency withdrew the Hungarian lender's Ba3/Not Prime long- and short-term local- and foreign-currency bank deposit ratings, "b1" baseline and adjusted baseline credit assessments, Ba2/Not Prime long- and short-term local- and foreign-currency counterparty risk ratings and Ba1(cr)/Not Prime(cr) long- and short-term counterparty risk assessments.

The bank's long-term deposit ratings carried a positive outlook at the time of withdrawal.