S&P is reviewing the ratings of 11 Kazakhstani banks according to renewed methodology of banks' ratings assignment

/IRBIS, December 13, 2011/ - Ratings Services Standard & Poor's revised December 12 ratings of 11 domestic banks as a result of applying updated methodology for assigning ratings to banks, published November 9, 2011. Below S & P gives the ratings of these banks, as well as changes made as a result of the application of updated criteria. All ratings placed on the list CreditWatch ("ratings on review") will be reviewed within 90 days. S & P will publish a brief justification of changes in ratings on each bank, and the rating lists, placed at the end of the texts will include ratings of affiliated companies and debt instruments (priority, subordinated and junior subordinated), as well as preferred shares. Brief justification of changes in ratings will be available at: www.standardandpoors.com/AI4FI, as well as on RatingsDirect. Ratings of special editions will be available on RatingsDirect and on the website www.standardandpoors.com. Rating list of Kazakhstani banks From To Alliance Bank JCS Credit rating B-/Stable/C B-/Stable/C National scale rating kzBB- kzBB- Halyk Bank of Kazakhstan JCS (Halyk Bank) Credit rating BB/Stable/B B+/Stable/B SB "HSBC Bank Kazakhstan" JCS Credit rating BBB/Stable/A-3 BBB/Stable/A-3 National scale rating kzAA+ kzAA+ AsiaCredit Bank JCS Credit rating B/Negative/B B/Stable/B National scale rating kzBB+ kzBB+ "Delta Bank" JCS Credit rating B/Stable/B B/Stable/B National scale rating kzBB+ kzBB+ Eurasian Bank JCS Credit rating B+/Stable/B B/Stable/B National scale rating kzBBB kzBB+ Nurbank JCS Credit rating B/Watch Negative/C B/Stable/C National scale rating kzBB+/Watch Negative kzBB+ KazInvestBank JCS Credit rating B-/Negative/C B-/Negative/C National scale rating kzBB- kzBB- Kazkommertsbank JCS Credit rating B+/Stable/B B/Stable/C Temirbank JCS Credit rating B/Stable/B B/Stable/B National scale rating kzBB kzBB Tsesnabank JCS Credit rating B/Negative/C B/Stable/C National scale rating kzBB kzBB+ [2011-12-13]