Moody's has withdrawn Tsesnabank (Kazakhstan) ratings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London, 13 September 2011 - Moody's Investors Service has today withdrawn the following ratings of Tsesna Bank: - Long-term local and foreign currency debt and deposit ratings of Caa1; - Short-term local and foreign currency ratings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 RATINGS RATIONALE Moody's has withdrawn the rating for its own business reasons.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. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 Moody's Investors Service Ltd. One Canada Square Canary Wharf London E14 5FA United Kingdom JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 [2011-09-14]