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Moody's withdraws Storebrand Bank ratings

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Moody's withdraws Storebrand Bank ratings

Moody's on Oct. 7 withdrew all ratings of for its ownbusiness reasons.

The agency withdrew the bank's "baa3" stand-aloneand adjusted baseline credit assessments, Baa1/Prime-2 long- and short-termbank deposit ratings, and A3(cr)/Prime-2(cr) long- and short-term counterpartyrisk assessments. At the time of the withdrawal, the long-term bank depositrating carried a stable outlook.

In July, Storebrand Bank parent said it wouldend its relationshipwith Moody's as part of a cost-reduction program.