Moody's changes Kazakhstan banks

Moody's Investors Service said it published the rating results for banks in Kazakhstan as part of the application of its refined joint default analysis and updated bank financial strength rating methodologies.

The implementation led to a number of rating actions for banks in Kazakhstan. The ratings changes include:

Bank TuranAlem's bank financial strength rating is unchanged at D- and has stable outlook. The foreign-currency deposit ratings also are unchanged at Ba1/not-prime with stable outlook. The Baa1 foreign-currency senior unsecured debt ratings and Baa2 foreign-currency subordinate debt ratings of Bank TuranAlem and Turanalem Finance BV and the Baa3 foreign-currency junior subordinate debt Rating of BTA Finance Luxembourg SA are placed on review for possible downgrade.

Kazkommertsbank's foreign-currency deposit ratings are unchanged at Ba1/not-prime and carry a stable outlook. The D bank financial strength rating, the Baa1/prime-2 foreign-currency debt ratings for senior unsecured obligations of Kazkommertsbank and Kazkommertsbank International BV and the Baa2 foreign-currency backed subordinated debt rating and Baa3 foreign-currency backed junior subordinate debt rating are placed on review for possible downgrade.

Temirbank's bank financial strength rating is unchanged at E+ with a stable outlook. The foreign-currency deposit ratings are unchanged at Ba1/not-prime with stable outlook. The backed Baa3 foreign-currency senior unsecured debt rating of Temir Capital BV is placed on review for possible downgrade.

Alliance Bank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are affirmed at Ba2/not-prime. The foreign-currency senior unsecured debt rating also is affirmed at Ba2. The foreign-currency subordinate debt rating is unchanged at Ba3. The backed foreign-currency junior subordinate debt rating for the capital securities of ALB Finance BV is changed to B2 from B1. The outlook is changed to stable from positive.

Caspian Bank's bank financial strength rating is unchanged at D-. The long-term foreign-currency deposit rating is changed to Ba3 from Ba2. The foreign-currency senior unsecured debt rating also is downgraded to Ba3 from Ba2. The short-term foreign-currency deposit rating is affirmed at not-prime. The outlook is stable.

Halyk Savings Bank of Kazakhstan's bank financial strength rating is affirmed at D. The foreign-currency deposit ratings are affirmed at Ba1/not-prime. The foreign-currency senior unsecured debt rating and the backed foreign-currency senior unsecured debt rating of HSBK (Europe) BV are downgraded to Baa2 from Baa1. The outlook is stable.

JSC Nurbank's bank financial strength rating is unchanged at E+. The long-term foreign-currency deposit rating has been downgraded to B1 from Ba3. The foreign-currency senior unsecured debt ratings of JSC Nurbank and NurFinance BV have been downgraded to B1 from Ba3. The short-term foreign-currency deposit rating is affirmed at not-prime. The outlook is stable.

ATF Bank's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings are affirmed at Ba1/not-prime. The foreign-currency senior unsecured debt rating also is affirmed at Ba1. The foreign-currency junior subordinated debt rating is affirmed at Ba3. The outlook is stable.

Bank CenterCredit's bank financial strength rating is unchanged at D-. The foreign-currency deposit ratings are affirmed at Ba1/not-prime. The foreign-currency senior unsecured debt rating and backed foreign-currency senior unsecured debt ratings of CenterCredit International BV are affirmed at Ba1. The foreign-currency junior subordinate debt rating is affirmed at Ba3. The outlook is stable.

Tsesna Bank's bank financial strength rating is unchanged at E+. The foreign-currency deposit ratings are affirmed at B1/not-prime. The backed foreign-currency senior unsecured debt ratings of Tsesna International BV are affirmed at B1. The outlook is stable.

© 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.