Fitch: Kazkommertsbank view stable

Fitch Ratings said it revised Kazkommertsbank's outlook to stable from negative and affirmed the bank's long-term foreign-currency issuer default rating at B-.

The outlook revision reflects the bank's somewhat eased liquidity pressures following fresh deposit inflows after large foreign-debt repayments in 2009, Fitch said, and more evidence of regulatory forbearance in respect to the bank's loan impairment recognition.

The stable outlook also reflects the more positive outlook for the Kazakh economy, which makes a further substantial deterioration in the bank's asset quality less likely, the agency said.

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