Bank CenterCredit says Moody's Investors Service affirmed the bank's ratings; outlook "Positive"

/KASE, December 21, 2022/ – Bank CenterCredit JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote On December 14, 2022, the international rating agency Moody's Investors Service (hereinafter – the Agency) affirmed the long-term deposit ratings in national and foreign currency of Bank CenterCredit and upgraded the outlook from "Stable" to "Positive". The agency expects the bank to maintain good profitability over the next 12-18 months, despite potential pressure from loan costs taking into account high interest rates and the seasonality of the loan portfolio. The agency also notes that the rating action also takes into account the bank's large pillow of liquid assets, which is strong and exceeds 43% of total assets at the end of Q3 2022. ------------------------------------------------------- Rating name Rating Date of confirmation / revision ----------------------- -------- ---------------------- Long-term rating on IN 1 14.12.2022 bank deposits in national and foreign currencies ----------------------- -------- ---------------------- Short-term rating on NP 14.12.2022 bank deposits in national and foreign currency ----------------------- -------- ---------------------- Long-term rating on Ba1.kz 14.12.2022 bank deposits according to the national scale ----------------------- -------- ---------------------- Outlook Positive 14.12.2022 ------------------------------------------------------- unquote This information is available - https://kase.kz/files/emitters/CCBN/ccbn_rating_141222_72073.pdf [2022-12-21]