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S&P: Ratings On Insurance Company Tsesna-Garant JSC Unaffected By Parent's CenterCredit Acquisition News

February 13, 2017 | Cbonds

S&P Global Ratings said today that its ratings on Kazakhstan-based Insurance Company Tsesna-Garant JSC (B+/Stable/--; 'kzBBB') are not affected by the announcement that its parent bank, Tsesnabank (B+/Negative/B; 'kzBBB-'), has been chosen as one of the preferred buyers for a 41.9% stake in Bank CenterCredit JSC (B/Stable/B; 'kzBB+'). The deal is subject to regulatory approval, which is expected to occur in the second quarter of 2017.


Company: Tsesna Garant

Full company nameInsurance company "Tsesna Garant"
Country of riskKazakhstan
Country of registrationKazakhstan
IndustryFinancial institutions

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