Bank CenterCredit says Moody's Investors Service upgraded the bank's ratings; outlook Stable
/KASE, November 24, 2021/ – Bank CenterCredit (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following:
quote
On November 23, 2021, the international rating agency Moody's Investors Service (hereinafter referred to as the Agency) upgraded the Bank's long-term rating on bank deposits in national and foreign currencies on the international scale from B2 to B1, with a Stable outlook. In addition, the Agency has upgraded the Bank's long-term rating on bank deposits on the national scale from Ba3.kz to Ba2.kz. The upgrade of the Bank's ratings, according to the rating agency, reflects an improvement in the quality of assets and profitability of the Bank, strengthening of its capital and liquidity buffers, as well as the stability of its deposit base.
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Rating name Rating Date of affirmation /
revision
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Long-term rating on bank deposits В1 23.11.2021
in national and foreign currency
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Short-term rating on bank deposits NР 23.11.2021
in national and foreign currency
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Long-term rating on bank deposits Ва2.kz 23.11.2021
on national scale
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Outlook stable 23.11.2021
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unquote
[2021-11-24]