Tengri Bank announces a downgrade by Standard & Poor's agency of bank's long-term credit rating and rating on the national scale and an increase in the assessment of its own creditworthiness

/KASE, August 22, 2018/ – Tengri Bank (Аlmaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote S&P Global Ratings has downgraded Tengri Bank's long-term credit rating from B+ to B and national scale rating from kzBBB to kzBB+ on August 17, 2018. At the same time, an assessment of the characteristics of the Bank's stand-alone credit profile (SACP) from "b-" to "b" was improved. unquote Detailed information is available on KASE website (in Russian)– http://kase.kz/files/emitters/DNBN/dnbn_change_rating_170818_1620.pdf [2018-08-22]