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S&P: Kazakhstan-Based KazInvestBank Downgraded To 'D' On License Revocation

December 28, 2016 | Cbonds

S&P Global Ratings today lowered its long- and short-term counterparty credit ratings on Kazakhstan-based
KazInvestBank to 'D/D' from 'B-/C'. We also lowered our Kazakhstan national scale rating on the bank to 'D' from 'kzB+'.

At the same time, we lowered our ratings on KazInvestBank's rated senior unsecured and subordinated bonds to 'D' from 'B-' and 'CCC' respectively.


Company: Kazinvestbank

Full company nameKazinvestbank JSC
Country of riskKazakhstan
Country of registrationKazakhstan
IndustryBanks

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