Subsidiary Bank Alfa-Bank says S&P Global Ratings revoked the bank's ratings
/KASE, April 20, 2022/ – Subsidiary Bank Alfa-Bank JSC (Almaty), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE
about the following:
On April 13, 2022, the rating agency S&P Global Ratings revoked all previously
assigned ratings of SB Alfa-Bank JSC, including the following:
- long-term issuer credit rating "B";
- short-term issuer credit rating "B";
- rating on the national scale "kzВВ+".
The ratings were revoked due to the full US and UK blocking sanctions imposed in
March and April 2022 on Alfa-Bank and its subsidiaries, including SB Alfa-Bank JSC.