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Summary: Kazkommertsbank (JSC)

  • ID: 1786846
  • April 2002
  • Standard & Poors

On April 17, 2002, Standard & Poor's raised its long-term counterparty credit and certificate of deposit ratings on Kazakhstan-based Kazkommertsbank JSC (KKB) and assigned ratings to the proposed issue of notes by Kazkommerts International B.V., which are unconditionally and irrevocably guaranteed by KKB. The ratings action reflects the improved, but still high risk, economic environment in Kazakhstan and positive developments with the bank's funding and quality of assets and earnings. The upgrade is based on Kazakhstan's improved economic prospects, which has enabled KKB to attract primary funds, significantly strengthening its funding profile and its ability to grow its profitable lending business. The bank's staggering rate of growth is a risk factor if the economy slows down, however, as the bank...

Companies mentioned in this report are: Kazkommertsbank (JSC)
Action: Review

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 READ MORE >

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Kazkommertsbank (JSC)

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