Fitch lowers Tsesnabank IDR to B

Fitch Ratings said it downgraded the long-term issuer default ratings of Tsesnabank to B from B+ and affirmed the long-term issuer default ratings of Kazkommertsbank, Halyk Bank of Kazakhstan, ATF Bank, Bank Centercredit and Subsidiary Bank Sberbank of Russia JSC.

The outlooks are stable.

The agency also affirmed one of Halyk Bank’s domestic subsidiaries, JSC Halyk Finance with a stable outlook and maintained its other, Altyn Bank JSC, on Rating Watch Positive.

The banks' long-term issuer default ratings are driven by their viability ratings, except Subsidiary Bank Sberbank, whose rating reflect the agency’s view of potential support from its parent, Sberbank of Russia (BBB-/stable).

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