First Heartland Jusan Bank says Moody's Investors Service upgraded the bank's ratings; outlook "Positive"

03.11.23 16:38
/KASE, November 3, 2023/ – First Heartland Jusan Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On 01.11.2023, the rating agency Moody's Investors Service (Moody's) upgraded the Bank's long-term ratings for deposits in foreign and national currencies to Ba3, as well as the baseline credit assessment (BCA) and adjusted BCA to b2. The outlook on long-term ratings was retained at Positive. The bank's short-term ratings have been affirmed. At the same time, Moody's upgraded the ratings on the national rating scale (NSR): long-term deposit rating to Baa2.kz and long- term counterparty risk rating (CRR) to A3.kz. Thus, as of November 1, 2023, the Bank has the following ratings on Moody's scale: - deposit rating "Ba3/Positive/NP"; - deposit rating on the national scale "Baa2.kz". unquote This information is available on – https://kase.kz/files/emitters/TSBN/tsbn_rating_011123_.pdf [2023-11-03]