Alliance Bank (Kazakhstan) says agency Standard & Poor's downgraded bank's ratings

/KASE, February 13, 14/ – Alliance Bank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... on February 11, 2014 rating agency Standard&Poor's downgraded the long-term and short-term credit ratings of Alliance Bank from "ССС/С" to "D/D". The complete list of the reviewed rating actions is given below: - Long-term credit rating: downgraded to "D" from "ССС" - Short-term credit rating: downgraded to "D" from "С" - Rating on national scale: downgraded to "D" from "kzССС+" - Rating of senior unsecured debt: downgraded to "СС" from "ССС+" - Subordinated debt: rating downgraded to "С" from "CCC" unquote [2014-02-13]