Research Update: KazInvestBank 'B-/C' Ratings Affirmed On Bank Criteria Change; Outlook Remains Negative Dec 11
- ID: 2031016
- December 2011
- Standard & Poors
Following a review of KazInvestBank (KIB) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'B-/C' ratings and 'kzBB-' Kazakhstan national scale rating on the bank. The outlook remains negative. Our ratings on KIB reflect the bank's 'bb-' anchor, as well as its weak business position, moderate capital and earnings, moderate risk position, average funding, and adequate liquidity. In our view, KIB's business and financial profiles remain vulnerable to the still challenging operating conditions. As we previously announced, on Dec. 12, 2011, Standard & Poor's Ratings Services affirmed its 'B-/C' long- and short-term issuer credit ratings and its 'kzBB-' Kazakhstan national scale rating on KazInvestBank (KIB). The outlook remains negative. The ratings on...
Companies mentioned in this report are: KazInvestBank
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