Moody's gives Alliance Bank securities B1

Moody's Investors Service said it assigned a long-term rating of B1 to the perpetual capital securities to be issued by ALB Finance BV, a special purpose vehicle wholly owned by Alliance Bank, Kazakhstan.

The agency noted that Alliance Bank has a long-term deposit and senior debt rating of Ba2, financial strength rating of E+ and not prime short-term rating.

The outlook is positive.

Moody's noted that the rating is based on Alliance Bank's fundamental credit quality as reflected in its deposit and financial strength ratings, the extent of the instrument's subordination against various classes of debt and equity, as well as the predictability of ongoing payments.

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