/KASE, July 15, 2024/ – Bank CenterCredit JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following:

quote

On July 12, 2024, the international rating agency Moody's Investors Service upgraded the long-term deposit ratings of Bank CenterCredit by one notch, to Ba1 from Ba2, and also increased the long-term rating of bank deposits of BCC on the national scale from A3.kz to A1.kz and retained the positive outlook on long-term deposit ratings.

The rating upgrade reflects the bank's improved financial performance, which has benefited from an improved operating environment in recent years, which has allowed improving asset quality and profitability.

...

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Rating name                          Rating Affirmed /
                                            revised on
---------------------------------- -------- ----------
Issuer's long-term credit rating     Ва1    12.07.2024
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Issuer's short-term credit rating     NР    12.07.2024
---------------------------------- -------- ----------
Long-term rating on the             А1.kz   12.07.2024
national scale                                        
---------------------------------- -------- ----------
Outlook                            Positive 12.07.2024
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unquote

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[2024-07-15]