S&P: Ratings On Kazakhstan-Based Delta Bank Lowered To 'CCC+/C' On Weakened Liquidity And Placed On CreditWatch Developing

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.
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Issuer: Delta Bank
Outstanding issues:
1 issuesKZT40,000,000,000
Issuer rating:
Moody's Investors ServiceWithdrawn/LT- foreign currency06/29/2011
Moody's Investors ServiceWithdrawn/LT- local currency06/29/2011
S&P Global RatingsD/Foreign Currency LT02/16/2017
S&P Global RatingsD/Local Currency LT02/16/2017
S&P Global RatingskzD/LT National Scale (Kazakhstan)02/16/2017