Moody's has withdrawn Tsesnabank (Kazakhstan) ratings
14.09.11 12:11
London, 13 September 2011 - Moody's Investors Service has today withdrawn
the following ratings of Tsesna Bank:
- Long-term local and foreign currency debt and deposit ratings of Caa1;
- Short-term local and foreign currency ratings of Not Prime; and
- Bank financial strength rating (BFSR) of E.
All ratings carried a stable outlook at the time of withdrawal.
RATINGS RATIONALE
Moody's has withdrawn the rating for its own business reasons. Please refer
to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings
available on its Web site, www.moodys.com.
Moody's notes that, as of the date of the ratings withdrawal, Tsesna Bank
had no outstanding debt rated by Moody's.
Based in Astana, Kazakhstan, Tsesna Bank reported IFRS total assets of
USD1.5 billion at YE2010 and net profit of USD4.7 million for 2010.
REGULATORY DISCLOSURES
The rating has been disclosed to the rated entity or its designated agent(s)
and issued with no amendment resulting from that disclosure.
Moody's adopts all necessary measures so that the information it uses in
assigning a rating is of sufficient quality and from sources Moody's considers
to be reliable including, when appropriate, independent third-party sources.
However, Moody's is not an auditor and cannot in every instance independently
verify or validate information received in the rating process.
Moody's Investors Service may have provided Ancillary or Other Permissible
Service(s) to the rated entity or its related third parties within the three
years preceding the credit rating action. Please see the ratings disclosure
page on our website www.moodys.com for further information.
Please see Moody's Rating Symbols and Definitions on the Rating Process page
on www.moodys.com for further information on the meaning of each rating
category and the definition of default and recovery.
Please see ratings tab on the issuer/entity page on www.moodys.com for the last
rating action and the rating history.
The date on which some ratings were first released goes back to a time before
Moody's ratings were fully digitized and accurate data may not be available.
Consequently, Moody's provides a date that it believes is the most reliable
and accurate based on the information that is available to it. Please see the
ratings disclosure page on our website www.moodys.com for further information.
Please see www.moodys.com for any updates on changes to the lead rating
analyst and to the Moody's legal entity that has issued the rating.
Moscow
Maxim Bogdashkin
Asst Vice President - Analyst
Financial Institutions Group
Moody's Investors Service Limited, Moscow Branch
Telephone: +7 495 228 6060
Facsimile: +7 495 228 6091
London
Yves Lemay
MD - Banking
Financial Institutions Group
Moody's Investors Service Ltd.
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[2011-09-14]