Subsidiary Bank Alfa-Bank JSC announced that S&P Global Ratings has downgraded the bank's long-term credit rating

/KASE, March 24, 2022/ – Subsidiary Bank Alfa-Bank JSC (Almaty), whose bonds are officially listed on the Kazakhstan Stock Exchange (KASE), informed KASE as follows: beginning of quote March 18, 2022 S&P Global Ratings has downgraded the long-term issuer credit rating of SB Alfa Bank JSC to 'B', affirmed the short-term issuer credit rating at 'B' and downgraded the national scale rating to 'kzBB+'. The ratings are on Credit Watch Negative. End of quote [2022-03-24]