/KASE, February 27, 2019/ – ATFBank (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows:
quote
S&P affirmed short-term rating of AFTBank (hereinafter, the Bank) at "В" and
upgraded outlook of the Bank to Stable.
Also, S&P revised long-term issuer rating at "В-" for issuance of long-term bonds.
S&P maintained base level of rating at b+ but it considers that the government’s
hypothetical readiness to providing support to private banks may decrease in
future.
S&P analysts have revised long-term rating largerly due to overall situation in
Kazakhstan’s financial market also including the exit of a number of players from
the market and sale of large systematically important banks.
unquote
Detailed information is available on KASE website (in Russian) at –
http://kase.kz/files/emitters/ATFB/atfb_reliz_250219_1.pdf
[2019-02-27]