trending Market Intelligence /marketintelligence/en/news-insights/trending/qf8ufbnidfs31najdn1sfa2 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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

S&P downgrades Kazinvestbank's ratings due to license revocation

Mining Exploration Insights: Financing Falls To 8-Month Low In October

Taking Advantage of Issuance Trends in 2020

S&P Global Market Intelligence

Tower Values Rising On Run Up To 5G

Liberty Global: The Great Global Sell-Off

S&P downgrades Kazinvestbank's ratings due to license revocation

S&P Global Ratings on Dec. 28 downgraded JSC Kazinvestbank's long- and short-term counterparty credit ratings to D/D from B-/C and its national scale rating to D from kzB+ following the National Bank of Kazakhstan's decision to revoke its license.

The agency believes that the bank is currently incapable of meeting its financial liabilities to its counterparties in accordance with the terms of the respective agreements.

Kazinvestbank, which was placed under provisional administration pending the appointment of a liquidation committee, had faced an acute liquidity shortage in December due to deposit and interbank funding withdrawals as well as limited funding sources. The lender's official request to the regulator for the provision of short-term liquidity had been rejected, S&P noted.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.