trending Market Intelligence /marketintelligence/en/news-insights/trending/dpng1foklngco2vjo_8_1g2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P downgrades Kazakhstan's AsiaCredit Bank on weakening funding profile

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

S&P downgrades Kazakhstan's AsiaCredit Bank on weakening funding profile

S&P Global Ratings on Oct. 10 downgraded Kazakhstan-based JSC AsiaCredit Bank's long- and short-term issuer credit ratings to CCC+/C from B-/B, with a negative outlook.

The rating agency also lowered the lender's national scale rating to "kzB" from "kzBB-."

S&P said the downgrade reflects the continued worsening of AsiaCredit's funding profile in 2018, following a decline in clients' confidence in small and midsized lenders. The bank's ability to attract new customers and retain current clients has significantly weakened, the agency added.

Meanwhile, the bank will have to set aside substantial loan loss provisions following an audit by Kazakhstan's central bank, S&P said.

Should AsiaCredit fail to resume its business dynamism and stabilize its depositor base, its current capital and/or liquidity buffers will most likely erode in the next 12 months and increase the risk that the bank will breach regulatory ratios, S&P added.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings document referred to in this news brief can be found in the sources section.