REGISTER NOW Moody's Investors Service has withdrawn its ratings for Puerto Rico and its various authorities for its own business reasons, the agency said Tuesday. The withdrawal actions "are not related to the current ongoing restructuring processes under the Puerto Rico Oversight, Management, and Economic Stability Act,” the agency said in a release. Moody's would not comment further, though pointed to its policy for withdrawal of credit ratings, which note that default, incorrect, insufficient or otherwise inadequate information, among other issues can result in a withdrawal, not an uncommon occurrence. Fotolia "When [Moody's] indicates that a Credit Rating was withdrawn for 'business reasons,' this often refers to [Moody's] business reasons, not the business reasons of the rated entity or obligor," the policy states. "Business reasons generally do not reflect any concerns about the rated entity’s creditworthiness or the quality of its management. Where appropriate, MIS’s decision to withdraw a rating under these circumstances will attempt to balance the informational benefit to market participants from maintaining a credit rating against the resources required to maintain and monitor that credit rating or other business considerations."