Moody's ups ATF Bank

Moody's Investors Service said it upgraded the long-term local currency deposit and senior unsecured debt ratings of ATF Bank to Baa2/Prime-2 from Ba1/Not Prime and its junior subordinated debt rating to Ba1 from Ba3.

The outlook is stable.

Moody's said it also affirmed ATF Bank's Ba1/Not Prime long- and short-term foreign currency deposit ratings and its D- bank financial strength rating with stable outlook.

The agency said that the foreign currency deposit ratings are constrained by Kazakhstan's Ba1/Not Prime ceiling, with stable outlook, for such deposits and are expected to follow any future movements in this ceiling.

© 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.