S&P: Eurasian Bank view negative

Standard & Poor’s said it revised its outlook on JSC Eurasian Bank to negative from stable.

S&P has affirmed the long- and short-term counterparty credit ratings at B+/B and lowered the Kazakhstan national scale rating to kzBBB- from kzBBB.

The outlook revision reflects S&P’s view that Eurasian Bank’s capitalization may come under increasing pressure in the next 12-18 months in the currently tight macroeconomic environment in Kazakhstan.

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