S&P: Kazakh Bank RBK Outlook Revised To Negative On Deteriorated Liquidity; 'B-/C' Ratings Affirmed

February 28, 2017 - Cbonds

 

S&P Global Ratings today revised its outlook on Kazakhstan-based Bank RBK JSC to negative from stable. We affirmed our 'B-/C' long- and short-term counterparty credit ratings on the bank.

Also, we lowered our long-term Kazakhstan national scale rating on Bank RBK JSC to 'kzB+' from 'kzBB-'.
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Issuer: Bank RBK
Issuer profile:
In Sept 2011 Kazinkombank was renamed into Bank RBK
Outstanding issues:
2 issuesKZT55,000,000,000
Issuer rating:
Expert RA KazakhstanA/National Scale (Kazakhstan)04/10/2014
S&P Global RatingsB-/NegativeForeign Currency LT02/27/2017
S&P Global RatingsB-/NegativeLocal Currency LT02/27/2017
S&P Global RatingskzB+/LT National Scale (Kazakhstan)02/27/2017