/KASE, July 11, 2022/ – ForteBank JSC (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated July 8, 2022:
quote
International rating agency S&P Global Ratings raised long-term issuer credit
rating of ForteBank from "B+" to "BВ-", outlook "Stable". Additionally, Agency
raised ForteBank's rating on Kazakhstan national scale to 'kzA-' from 'kzBBB+'.
S&P Global Ratings says, that ForteBank capitalization strengthened, and they
expect the bank will operate with a higher capital buffer and continue to be in
top five banks in Kazakhstan in terms of assets.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/ASBN/asbn_relizs_080722.pdf – in Russian;
-
https://kase.kz/files/emitters/ASBN/asbn_relizs_080722_en.pdf – in English.
[2022-07-11]