Revised Bank Criteria Applied To 11 Kazakhstan-Based Banks Dec 11

Standard & Poors, December 2011

Abstract
LONDON (Standard & Poor's) Dec. 12, 2011--Standard & Poor's Ratings Services said today that it revised its ratings on 11 Kazakhstan-based banks after applying our new bank ratings criteria, which was published on Nov. 9, 2011. We've listed the ratings on these banks and any changes that resulted from applying our new criteria in the ratings list below. All ratings placed on CreditWatch will be reviewed within 90 days. We will publish individual research updates on each bank identified below including a list of ratings on affiliated rated entities, as well as the ratings by debt type--senior, subordinated, junior subordinated, and preferred stock. The research updates will be available at www.standardandpoors.com/AI4FI and on RatingsDirect. Ratings on specific issues will be...

Companies mentioned in this report are: Alliance Bank JSC,Kazkommertsbank (JSC),Halyk Savings Bank of Kazakhstan,JSC AsiaCredit Bank,JSC Nurbank,Tsesna Bank,JSC Eurasian Bank,Temirbank JSC,KazInvestBank,HSBC Bank Kazakhstan JSC,JSC Delta Bank
Action: Affirmed
Action: Upgraded

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.

Alliance Bank JSC,Kazkommertsbank (JSC),Halyk Savings Bank of Kazakhstan,JSC AsiaCredit Bank,JSC Nurbank,Tsesna Bank,JSC Eurasian Bank,Temirbank JSC,KazInvestBank,HSBC Bank Kazakhstan JSC,JSC Delta Bank

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