/CORRECT/ TENGRI BANK SAYS STANDARD & POOR'S WITHDREW RATINGS FOLLOWING THE BANK'S REQUEST

07.02.19, 19:23
/KASE, February 7, 2019, details of existing ratings added/ – Tengri Bank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On October 30, 2018 Moody 's Investors Service assigned the following ratings on international scale to Kazakhstan's Tengri Bank: long-term ratings in the national and foreign currency on deposits В2, BCA b3 and adjusted BCA on b2, on long-term deposits the valuation of the Counteragent Risk (CRRs) – B1 (CR), on short-term deposits the risk valuation and CRR s) В1, short-term ratings of deposits and CRRs – Not Prime and short-term CRA – Not Prime (cr). Outlooks of the international long-term deposit rating – stable. Based on the above-mentioned, as well as for purposes of optimizing costs the Bank turned to S&P Global Ratings with a request to withdraw the ratings. On December 6, 2018 in reply to the Bank's request S&P Global Ratings withdrew long-term and short-term issuer ratings of Tengri Bank JSC on international scale B- / B. unquote Details are available on KASE website – http://kase.kz/files/emitters/DNBN/dnbn_review_rating_061218.pdf [2019-02-07]