/KASE, April 14, 2021/ – Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated April 14, 2021:
quote
The assigned viability rating (bbb-) is the highest among private banks without
foreign participation in the entire history of independent Kazakhstan and the
best in the entire history of the Bank.
On April 13, 2020, Fitch Ratings has upgraded Halyk Bank's Long-Term Issuer
Default Ratings (IDR) to 'BBB-' from 'BB+', the outlook is Stable. As a result,
the Bank's rating was upgraded from speculative to investment grade. For the
first time in the history of the country, a private commercial bank in
Kazakhstan received an investment grade rating from Fitch; previously, such
rating was assigned only to quasi-sovereign banks or banks with foreign
participation.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/HSBK/hsbk_change_rating_130421_0.pdf – in
Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_130421_eng_1.pdf – in English.
[2021-04-14]