S&P revised ratings of 11 Kazakhstan banks according to new methodology

/Standard & Poor's, Moscow, December 12, 11, Standard & Poor's English translation, KASE headline/ - Standard & Poor's said today that it revised its ratings on 11 Kazakhstan-based banks after applying our new bank ratings criteria, which was published on Nov. 9, 2011. We've listed the ratings on these banks and any changes that resulted from applying our new criteria in the ratings list below. All ratings placed on CreditWatch will be reviewed within 90 days. We will publish individual research updates on each bank identified below including a list of ratings on affiliated rated entities, as well as the ratings by debt- senior, subordinated, junior subordinated, and preferred stock. The research updates will be available at www.standardandpoors.com/AI4FI and on RatingsDirect. Ratings on specific issues will be available on RatingsDirect and www.standardandpoors.com Ratings List Kazakhstan banks to from JSC Alliance Bank Issuer credit rating B-/Stable/C B-/Stable/C Kazakhstan national scale rating kzBB- kzBB- JSC Halyk Bank of Kazakhstan Issuer credit rating BB/Stable/B B+/Stable/B SB JSC HSBC Bank Kazakhstan Issuer credit rating BBB/Stable/A-3 BBB/Stable/A-3 Kazakhstan national scale rating kzAA+ kzAA+ JSC AsiaCredit Bank Issuer credit rating B/Negative/B B/Stable/B Kazakhstan national scale rating kzBB+ kzBB+ JSC Delta Bank Issuer credit rating B/Stable/B B/Stable/B Kazakhstan national scale rating kzBB+ kzBB+ JSC Eurasian Bank Issuer credit rating B+/Stable/B B/Stable/B Kazakhstan national scale rating kzBBB kzBB+ JSC Nurbank Issuer credit rating B/Watch Negative/C B/Stable/C Kazakhstan national scale rating kzBB+/Watch Negative kzBB+ JSC KazInvestBank Issuer credit rating B-/Negative/C B-/Negative/C Kazakhstan national scale rating kzBB- kzBB- JSC Kazkommertsbank Issuer credit rating B+/Stable/B B/Stable/C JSC Temirbank Issuer credit rating B/Stable/B B/Stable/B Kazakhstan national scale rating kzBB kzBB JSC Tsesnabank Issuer credit rating B/Negative/C B/Stable/C Kazakhstan national scale rating kzBB kzBB+ The text in English is published on December 12, 2011 at 21.14 Moscow time. Analysts contacts: Annette Ess, Frankfurt, 49 (69) 33 99-9 -1-57 annette_ess@standardandpoors.com Magar Kouyoumdjian, London, (44) 20-7176-7217 magar_kouyoumdjian@standardandpoors.com FIG_Europe@standardandpoors.com Natalia Yalovskaya, Moscow, 7 (495) 783-40-97 natalia_yalovskaya@standardandpoors.com [2011-12-13]