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Moody's repositions national scale ratings of Kaspi Bank, Bank CenterCredit

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Moody's repositions national scale ratings of Kaspi Bank, Bank CenterCredit

Moody's on May 11 repositioned the national scale ratings,or NSRs, of JSC KaspiBank and BankCenterCredit JSC, following the recalibration of the Kazakhnational rating scale.

The rating agency repositioned Kaspi Bank's national scalelong-term bank deposit rating to Baa3.kz from Ba3.kz and that of BankCenterCredit to Ba2.kz from B1.kz.

Moody's raised by an average of 2.3 notches the primarylong-term NSRs of three Kazakh financial institutions, which the agency did notname. The repositioned NSRs do not signify a change in credit risk, since theirglobal scale ratings remain unchanged.