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Fitch assigns viability rating to Kazakhstan-based Altyn Bank

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Fitch assigns viability rating to Kazakhstan-based Altyn Bank

Fitch Ratings on March 20 assigned Kazakhstan-based JSC Altyn Bank a "bb-" viability rating and affirmed the bank's long-term foreign- and local-currency issuer default ratings at BBB-.

The short-term foreign-currency issuer default rating of the China CITIC Bank Corp. Ltd. unit was affirmed at F3. The rating agency also affirmed the bank's national long-term rating at AA+(kaz) and its support rating at 2.

Also affirmed were JSC Alfa-Bank unit JSC SB Alfa-Bank's long-term foreign- and local-currency issuer default ratings at BB-, its short-term foreign-currency issuer default ratings at B, its national long-term rating at BBB+(kaz), its viability rating at "bb-" and its support rating at 4.

For Subsidiary Bank JSC Home Credit & Finance Bank, a unit of Russia-based OOO Home Credit and Finance Bank, Fitch affirmed the bank's B+ long-term foreign- and local-currency issuer default ratings, its B short-term foreign-currency issuer default rating, its BBB (kaz) national long-term rating, its "b+" viability rating and its 4 support rating. The bank's senior unsecured debt long-term rating and senior unsecured debt national long-term rating were affirmed at B+ and BBB (kaz), respectively.

The outlooks on the three Kazakh banks' long-term issuer default ratings and national long-term ratings are stable.