Moodys Downgrades 4 Kazakh Banks Debt Ratings
OREANDA-NEWS. October 26, 2010. Moody's downgraded the long-term senior unsecured and subordinated debt ratings of Kazkommertsbank, Halyk Bank, Bank CenterCredit and Alliance Bank. The list of the affected ratings are provided below, reported the press-centre of KASE.
Kazkommertsbank
- Foreign currency senior unsecured debt rating: downgraded to B2 from Ba3
- Foreign currency subordinated debt rating: downgraded to B3 from B1
- The outlook on the deposit and debt ratings is negative, the outlook on the BFSR is stable
Halyk Bank
- Foreign currency senior unsecured debt rating: downgraded to Ba3 from Ba2
- The outlook on all ratings is stable
Bank CenterCredit
- Foreign currency senior unsecured debt rating: downgraded to B1 from Ba3
- The outlook on the deposit and debt ratings is negative, the outlook on the BFSR is stable
Alliance Bank
- Local and Foreign currency senior unsecured debt rating: downgraded to Caa2 from B3
- Local currency subordinated debt rating: downgraded to Caa3 from Caa1
- The outlook on the deposit and debt ratings is developing, the outlook on the BFSR is stable.
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