First Heartland Jýsan Bank says Standard & Poor's placed ratings of the bank on Credit Watch Negative

/KASE, October 22, 2020/ – First Heartland Jýsan Bank (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On 20.10.2020 S&P Global Ratings has placed the long-term credit rating of First Heartland Jýsan Bank JSC "B" and the rating on the national scale "kzBB+" on the Credit Watch Negative list. The short-term credit rating of Jýsan Bank JSC was affirmed at "B". Senior unsecured debt ratings on the international scale "B" and the national scale "kzBB+" have been placed on the Credit Watch Negative list. Thus, as of 20.10.2020 First Heartland Jýsan Bank JSC had the following S&P Global Ratings: - credit rating "B/Watch Negative/B"; - rating on the national scale "kzBB+/Watch Negative". Bonds ISIN KZ2C00002103 are rated on the international scale at "B/ Watch Negative" and the rating on the national scale at "kzBB+/Watch Negative". unquote [2020-10-22]