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Kazkommertsbank says Standard & Poor's downgraded long-term credit ratings of bank and bonds
/KASE, May 24, 2016/ – Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE) , has informed KASE "of rating agency Standard & Poor's Rating Services downgrading the long-term rating of Kazkommertsbank from "В-"to "ССС+"; ratings of subordinated bonds were downgraded from "ССС" to "ССС-" and perpetual subordinated bonds – from "ССС-" to "СС" according to S&P statement dated May 16, 2016".
The letter is available on KASE website in Russian – see more
[2016-05-24]