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Bank TuranAlem Assigned 'B/C' Ratings; Outlook Stable
Standard & Poors, Dec 2000
Abstract
LONDON (Standard & Poor's CreditWire) Dec. 18, 2000--Standard & Poor's today assigned its single-'B' long-term and 'C' short-term counterparty credit and certificate of deposit ratings on Kazakhstan-based Bank TuranAlem (BTA). The outlook is stable. The ratings on BTA reflect the bank's strengthening market position in commercial and retail banking, its relatively diversified client base in loans and deposits, and its growing retail funding base. These strengths are offset by the rapid expansion of loans in 1999 and 2000, which has pressured capital and leaves BTA vulnerable to an economic downturn. In addition, the Kazakh economic and banking environment, with limited and concentrated lending opportunities and a history of high arrears in corporate payments, creates risks for all banks operating in...
Companies mentioned in this report are: BTA Bank J.S.C.,Kazkommertsbank (JSC)
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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