Moody's: Kaspi Bank stable

Moody's Investors Service said it changed to stable from negative the outlook on the B1 long-term foreign and local currency deposit ratings of Kaspi Bank.

The standalone bank financial strength rating of E+ and Not-Prime short-term local and foreign currency deposit ratings were affirmed.

According to Moody's, the outlook change is driven by the bank's strengthened retail lending franchise, improved revenue generation and stabilizing asset quality and capital adequacy.

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