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Moody's confirms various ratings of some Kazakh banks


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Moody's confirms various ratings of some Kazakh banks

Moody'son April 27 confirmed various ratings of JSC Development Bank of Kazakhstan, and PAO Sberbank ofRussia's SubsidiaryBank Sberbank of Russia JSC.

Theratings action, which follows the downgrade of Kazakhstan's various ratings, concludes a reviewof the banks that started March9.

Therating agency confirmed Development Bank of Kazakhstan's long-term foreign- andlocal-currency issuer and senior unsecured ratings at Baa3, with a negativeoutlook, and its (P)P-3 short-term local-currency rating.

Therating agency confirmed Halyk Savings Bank of Kazakhstan's "ba3"baseline and adjusted baseline credit assessment; and its Ba1(cr) long-termcounterparty risk assessment. Other confirmations included: long-term foreign-and local-currency deposit ratings of Ba2; long-term foreign- andlocal-currency senior unsecured ratings of Ba3; and long-term foreigncurrency-backed senior unsecured rating of Ba3, with negative outlooks.

SBSberbank JSC's adjusted baseline credit assessment and long-term counterpartyrisk assessment were confirmed at "ba3" and Ba2(cr), respectively,while its long-term foreign- and local-currency deposit ratings were confirmedat Ba3, with a negative outlook.