S&P Global Ratings on Oct. 15 withdrew Kazakhstan-based Eurasian Bank JSC's B-/B issuer credit ratings at the company's request.
The outlook was stable at the time of withdrawal. The rating agency also withdrew the lender's "kzBB" national scale ratings.
S&P Global Ratings noted that Eurasian Bank's ratings reflected the high economic and industry risks in its home country and took into account the lender's relatively weak asset quality, balanced by the expected progress of efforts to address its legacy problem loans.
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