Alliance Bank says Fitch withdrew ratings at bank's own initiative

/KASE, January 16, 15/ – Alliance Bank JSC (Almaty, hereinafter – the Bank), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... In April 2014, the Bank terminated a rating agreement closed with the rating agency Fitch Ratings Ltd. Due to the fact that the Bank has decided to stop participating in the rating process, on December 30, 2014 the rating agency Fitch Ratings Ltd has withdrawn the ratings of the Bank without confirmation. unquote [2015-01-16]