Qazaq Banki says agency Standard & Poor's assigned ratings to bank; outlook Stable

05.08.14 14:47
/KASE, August 5, 14/ – Qazaq Banki JSC (Almaty, hereinafter – the bank), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release: quote On July 31, 2014 international rating agency Standard&Poor's (S&P) assigned to the Bank long-term and short-term credit ratings of the counteragent at level "В-/С" and rating on national scale at level "kzBB-". Outlook of rating change – "stable". As the main factor positively influencing the rating level, S&P analysts point out a higher grade of diversification of the corporate and retail portfolio (assets as well as liabilities) compared with other small Kazakhstan banks. unquote The full version of the press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/SNBN/snbn_reliz_050814.pdf The report of agency Standard & Poor's of August 4, 2014 provided by Qazaq Banki JSC is available on KASE website in Russian at http://www.kase.kz/files/emitters/SNBN/snbn_reliz_050814_1.pdf [2014-08-05]