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S&P withdraws Eurasian Bank's ratings

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S&P withdraws Eurasian Bank's ratings

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.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.