S&P rates JSC Bank B+, B

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

The agency said it also assigned the kzBBB Kazakhstan national scale rating to the bank. The outlook is stable.

S&P said the ratings on BCC reflect the bank's "adequate" business position, "weak" capital and earnings, "moderate" risk position, "average" funding, and "adequate" liquidity, as our criteria define these terms. The ratings also take into account S&P's view of the bank as being of moderate systemic importance in a supportive country, the agency said.

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