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Published on 2/28/2005 in the Prospect News Emerging Markets Daily.

Fitch affirms ATF Bank

Fitch Ratings said it affirmed Kazakhstan-based ATF Bank's ratings at long-term B+, short-term B, individual D and support 4.

The long-term outlook is stable.

Fitch said the long-term, short-term and individual ratings reflect the bank's well-diversified income streams and adequate profitability, reasonable asset quality and moderate capitalization. They also take into account the risk management concerns raised by its rapid asset growth.


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