January 03, 2017 | Cbonds
S&P Global Ratings today lowered its long- and short-term counterparty credit ratings on Delta Bank to 'CCC+/C' from 'B/B' and the Kazakhstan national scale ratings to 'kzB-' from 'kzBB+'. At the same time, we lowered our ratings on Delta Bank's senior unsecured obligations to 'CCC+' from 'B'.
We placed all the ratings on CreditWatch with developing implications.
Company: Delta Bank
|Full company name||AO "Delta Bank" (previous name: OAO "Neftebank")|
|Country of risk||Kazakhstan|
|Country of registration||Kazakhstan|