OREANDA-NEWS. October 06, 2011. Moody's Investors Service has downgraded the following ratings of Kazinvestbank (KIB), following deterioration in following deterioration in the bank's credit risk profile over the past 12 to 18 months, reported the press-centre of KASE:

- Long-term local and foreign-currency deposit ratings downgraded to B3 from B2

- Long-term local-currency subordinated debt rating downgraded to Caa1 from B3

The standalone E+ bank financial strength rating (BFSR) was affirmed; however, it now maps to B3 on the long-term rating scale, rather than B2. The outlook on all the ratings is stable. Moody's re-assessment of the bank's credit standing within the E+ BFSR category is largely based on KIB's audited financial statements for 2010 prepared under IFRS, as well as KIB's statutory unaudited reports for H1 2011.