S&P revised ratings of 11 Kazakhstan banks according to new methodology
13.12.11 18:33
/Standard & Poor's, Moscow, December 12, 11, Standard & Poor's English
translation, KASE headline/ - Standard & Poor's said today that it revised
its ratings on 11 Kazakhstan-based banks after applying our new bank ratings
criteria, which was published on Nov. 9, 2011. We've listed the ratings on
these banks and any changes that resulted from applying our new criteria in
the ratings list below. All ratings placed on CreditWatch will be reviewed
within 90 days.
We will publish individual research updates on each bank identified below
including a list of ratings on affiliated rated entities, as well as the
ratings by debt- senior, subordinated, junior subordinated, and preferred
stock. The research updates will be available at www.standardandpoors.com/AI4FI
and on RatingsDirect. Ratings on specific issues will be available on
RatingsDirect and www.standardandpoors.com
Ratings List
Kazakhstan banks
to from
JSC Alliance Bank
Issuer credit rating B-/Stable/C B-/Stable/C
Kazakhstan national scale rating kzBB- kzBB-
JSC Halyk Bank of Kazakhstan
Issuer credit rating BB/Stable/B B+/Stable/B
SB JSC HSBC Bank Kazakhstan
Issuer credit rating BBB/Stable/A-3 BBB/Stable/A-3
Kazakhstan national scale rating kzAA+ kzAA+
JSC AsiaCredit Bank
Issuer credit rating B/Negative/B B/Stable/B
Kazakhstan national scale rating kzBB+ kzBB+
JSC Delta Bank
Issuer credit rating B/Stable/B B/Stable/B
Kazakhstan national scale rating kzBB+ kzBB+
JSC Eurasian Bank
Issuer credit rating B+/Stable/B B/Stable/B
Kazakhstan national scale rating kzBBB kzBB+
JSC Nurbank
Issuer credit rating B/Watch Negative/C B/Stable/C
Kazakhstan national scale rating kzBB+/Watch Negative kzBB+
JSC KazInvestBank
Issuer credit rating B-/Negative/C B-/Negative/C
Kazakhstan national scale rating kzBB- kzBB-
JSC Kazkommertsbank
Issuer credit rating B+/Stable/B B/Stable/C
JSC Temirbank
Issuer credit rating B/Stable/B B/Stable/B
Kazakhstan national scale rating kzBB kzBB
JSC Tsesnabank
Issuer credit rating B/Negative/C B/Stable/C
Kazakhstan national scale rating kzBB kzBB+
The text in English is published on December 12, 2011 at 21.14 Moscow time.
Analysts contacts:
Annette Ess, Frankfurt, 49 (69) 33 99-9 -1-57
annette_ess@standardandpoors.com
Magar Kouyoumdjian, London, (44) 20-7176-7217
magar_kouyoumdjian@standardandpoors.com
FIG_Europe@standardandpoors.com
Natalia Yalovskaya, Moscow, 7 (495) 783-40-97
natalia_yalovskaya@standardandpoors.com
[2011-12-13]