S&P: Kazakhstan-Based Delta Bank JSC Ratings Lowered To 'D' On Missed Payments

February 17, 2017 - Cbonds

 

S&P Global Ratings lowered its long- and short-term counterparty credit ratings on Delta Bank JSC to 'D/D' (default) from 'CC/C'. We also lowered our ratings on the bank's senior unsecured bonds to 'D' from 'CC'.

At the same time, we lowered our Kazakhstan national scale ratings on Delta Bank to 'D' from 'kzCC'.
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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