Suncor Energy Inc T.SU

Moody's Withdraws Rating for Suncor Energy Venture

[invt]

Moody's Withdraws Rating for Suncor Energy's Suncor Energy Ventures; Suncor Energy Falls 1.3%

10:46 AM EDT, 08/18/2021 (MT Newswires) -- Moody's said Tuesday that it has withdrawn the senior unsecured rating for Suncor Energy Ventures Corp., a unit of Suncor Energy Inc. (SU.TO).

Suncor Energy's stock was down 1.3% on last look on Wednesday in Canada.

The company changed the outlook to rating withdrawn from positive. The rating agency said it has decided to withdraw the ratings for its own business reasons.

Price: 23.01, Change: -0.38, Percent Change: -1.62

can someone explain to me what withdraw the ratings for its own business reasons 

means. What are its business reasons

[Tommy123]

This post has been removed in accordance with Community Policy

[Co2Harvest]

3) Business Reasons Under certain circumstances, Moody's will withdraw a rating for an issuer or an obligation for reasons unrelated to the adequacy of information, or bankruptcy or reorganization status of the credit. Source: Google "moody rating business reasons" or follow this link: https://www.google.com/search?q=moody+rating+business+reasons&oq=moody+rating+business+reasons