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S&P cuts Kazkommertsbank view
Standard & Poor's said it revised its outlook on Kazkommertsbank JSC to negative from stable.
Additionally, the B+ long-term and B short-term counterparty credit ratings were affirmed.
S&P said the outlook revision reflects its anticipation that the bank's asset quality could weaken, notably, if loan provisions remain low, reducing the capacity of the bank's earnings to absorb losses.
The bank's high exposure to the risky real estate and construction sector weighs on S&P's opinion of asset quality, the agency said.
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