Moody’s eyes Kazakh banks for trim

Moody’s Investors Service said it placed the debt ratings of three Kazakhstan banks on review for possible downgrade.

The decision to review the banks reflects a possibly serious deterioration in the operating environment on the back of riots and the authorities' reaction to them that may lead to greater turmoil than in the past, and recent disruptions in bank operations in the country, Moody’s said.

The banks are Bank CenterCredit, Halyk Savings Bank of Kazakhstan and Kaspi Bank JSC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.