trending Market Intelligence /marketintelligence/en/news-insights/trending/9MGKfcRD0dz_gE428_cSQQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Moody's upgrades Hamkorbank's ratings, changes outlook to stable

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Moody's upgrades Hamkorbank's ratings, changes outlook to stable

Moody's on March 15 upgraded JSCB with Foreign Capital Hamkorbank's long-term local currency deposit rating to B1 from B2, with the outlook changed to stable from positive, and its baseline and adjusted baseline credit assessments to "b1" from "b2."

The rating agency also upgraded the Uzbek lender's long-term local currency counterparty risk rating to Ba3 from B1 and its long-term counterparty risk assessment to Ba3(cr) from B1(cr), while affirming various other ratings, including the B2 long-term foreign-currency deposit rating and B1 long-term foreign-currency counterparty risk rating.

The ratings actions reflect the lender's robust financial performance and the agency's expectation that its metrics — namely sound asset quality, strong profitability and stable funding and liquidity profile — will remain better than the rest of the Uzbek banking sector's reported stats on average. The actions also reflect planned investment of foreign capital that is expected to underpin its business expansion.