Moody's rates ATF Bank notes Ba1

Moody's Investors Service said it assigned a Ba1 rating to the senior unsecured foreign-currency notes expected to be issued by Kazakhstan-based ATF Bank. The amount and the tenor are not yet known. The outlook is stable.

The rating is based on Moody's assessment of ATF Bank's fundamental credit quality that incorporates, apart from the bank's intrinsic financial strength, potential support from the Kazakhstani authorities in the event of need, in reflection of ATF Bank's importance to the national banking system as the country's fourth-largest bank with a significant 8% market share in terms of banking assets.

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