S&P affirms KazEximbank

S&P said it affirmed its B-/B long- and short-term counterparty credit ratings on Eximbank Kazakhstan (KazEximbank) and affirmed the kzB+ Kazakh national scale rating.

The outlook is negative.

The agency said it removed all the ratings from CreditWatch, where they were placed with negative implications on Feb. 20.

S&P said the action is based on its view that KazEximbank will be able to repay the forthcoming KZT 10 billion to the National Bank of Kazakhstan in November, in full and on time using accumulated liquid assets.

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