ForteBank says Fitch Ratings increased ratings of the bank and bonds and S&P Global Ratings affirmed ratings of the bank
21.09.22 11:41
/KASE, September 21, 2022/ - ForteBank JSC (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote On September 14, 2022, Fitch Ratings upgraded the Bank's long-term rating to "ВВ-" from "В+", with a "stable" outlook, while also upgrading the rating of the Bank's unsecured bonds: Issuer Default Rating: BB-/Stable/B Rating on national scale: A-(kaz)/Stable ... Also, on September 14, 2022, the Standard & Poor's rating agency affirmed the Bank's ratings, the outlook is "negative", thus S&P ratings of the Bank are as follows: Issuer's credit rating: BB-/Negative/B Rating on national scale: kzА- National scale senior unsecured debt rating: kzА- Senior unsecured debt rating: BB- Subordinated debt rating on national scale: kzBВВ unquote This information is available on - https://kase.kz/files/emitters/ASBN/asbn_rating_140922_14133.pdf [2022-09-21]

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

ForteBank JSC published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 05:59:08 UTC.