S&P shifts SB Alfa Bank view to positive

S&P said it revised the outlook on SB Alfa Bank to positive from stable and affirmed its BB- rating. The agency also affirmed the kzA national scale rating.

“The outlook revision is because we think that SB Alfa Bank’s asset quality metrics have shown resilience amid challenging operating conditions in Kazakhstan. This is seen in its lower-than-average nonperforming assets and credit costs,” said S&P in a press release.

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