S&P Global Ratings said today that it has lowered its long-term counterparty credit rating on Kazakhstan-based Delta Bank JSC and its ratings on the bank's senior unsecured debt issues to 'CC' from 'CCC-'. We reinstated our 'CCC-' rating on the KZT10 billion 9.5% bond due Jan. 18, 2017, which was inadvertently withdrawn on the maturity date, before lowering it to 'CC'.
|Delta Bank is the first Ukrainian specialized bank focused on consumer lending. Delta Bank occupies more than 20% market of the consumer crediting of Ukraine.
Due to the combination of p... more
|Withdrawn/||National Scale Rating||06/19/2014|