Tengri Bank says Standard & Poor's downgraded the bank's long-term credit rating to "B-", outlook "Stable"

30.11.18, 17:26
/KASE, November 30, 2018/ – Tengri Bank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On November 27, 2018 S&P Global Ratings downgraded the long-term issuer credit rating of Tengri Bank from "B" to "B-". Outlook – "Stable". Also the bank's rating on the national Kazakh scale was downgraded from "kzBB+" to "kzBB". The ratings were removed from the CreditWatch ("ratings on review") with negative expectations, to which they were placed on August 17, 2018. At the same time we affirmed the bank's short-term issuer credit rating at "В". unquote More details are available on KASE website – http://kase.kz/files/emitters/DNBN/dnbn_change_rating_271118_8889.pdf [2018-11-30]