• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Kazkommertsbank (JSC) Ratings Raised To 'BB' On Leading Commercial Position; Outlook Stable Jul 05 Product Image

Research Update: Kazkommertsbank (JSC) Ratings Raised To 'BB' On Leading Commercial Position; Outlook Stable Jul 05

  • Published: July 2005
  • Standard & Poors

FEATURED COMPANIES

Abstract
On July 22, 2005, Standard & Poor's Ratings Services raised its counterparty credit and certificate of deposit ratings on Kazakhstan-based Kazkommertsbank (JSC) (KKB) to 'BB' from 'BB-. The outlook is stable. At the same time, the 'B' short-term counterparty credit and certificate of deposit ratings on the bank were affirmed. The upgrade reflects the bank's sustained leading commercial position in Kazakhstan (foreign currency, BBB-/Stable/A-3; local currency, BBB/Stable/A-3), increased diversification into small and midsize enterprise and retail sectors, and strengthened risk management. A robust economic growth also supports these positive developments. The ratings are constrained, however, by the rapid loan growth and significant concentrations in lending and funding in a high-risk economic and banking environment. Furthermore, fast loan growth has pressurized...

Companies mentioned in this report are:
- Kazkommertsbank JSC
- Kazkommerts International B.V.

Action: Affirmed
Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Kazkommertsbank JSC
- Kazkommerts International B.V.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS