S&P rates Alfa Bank B+/B

Standard & Poor's said it assigned its B+/B long- and short-term counterparty credit ratings to JSC SB Alfa Bank.

The outlook is stable.

The bank's kzBBB local scale rating was affirmed.

S&P said the ratings reflect its BB- anchor for a bank operating primarily in Kazakhstan, as well as Alfa Bank's "moderate" business position, capital and earnings, risk position, "average" funding and "adequate" liquidity, as criteria define these terms.

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