Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alliance Bank JSC > News item |
S&P ups Alliance Bank
Standard & Poor's said it raised the long-term counterparty credit ratings on Alliance Bank JSC to B- from D and its short-term counterparty credit ratings to C from D. The agency also said it assigned a Kazakhstan national scale rating of kzBB-.
The outlook is stable.
The ratings are underpinned by Alliance's strong links with Samruk Kazyna, a 100% state-owned holding company that acts on behalf of the Kazakh government, S&P said.
The long-term rating incorporates one notch of uplift above the bank's stand-alone credit profile, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.