Subsidiary Bank Alfa-Bank says S&P Global Ratings revoked the bank's ratings

20.04.22 12:20
/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: quote 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. unquote [2022-04-20]