Tsesnabank says Standard & Poor's downgraded ratings of bank and bonds; outlook Negative

19.09.18 10:36
/KASE, September 19, 2018/ – Tsesnabank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following: quote On 17.09.2018 rating agency S&P Global Ratings downgraded the long-term credit rating of Tsesnabank from "В+" to "В". Outlook – "Negative". The short-term credit rating of the Bank was affirmed at "В". The Bank's rating on national scale was downgraded from "kzBBB" до "kzBB+". The rating of bonds NIN KZP12Y10E084, KZP17Y05E083 was downgraded from "В+" to "В", the rating on national scale was downgraded from "kzBBB" to "kzBB+". Hence, as of 17.09.2018 Tsesnabank has the following ratings of S&P Global Ratings: "В/Negative/В", rating on national scale: "kzBB+"; облигации НИН KZP12Y10E084, KZP17Y05E083 have rating "В", rating on national scale: "kzBB+". unquote More details are available on KASE website – http://kase.kz/files/emitters/TSBN/tsbn_change_rating_170918_17864.pdf [2018-09-19]