ForteBank says S&P Global Ratings upgraded ratings of the bank; outlook "Stable"
11.07.22 15:22
/KASE, July 11, 2022/ - ForteBank JSC (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated July 8, 2022: quote International rating agency S&P Global Ratings raised long-term issuer credit rating of ForteBank from "B+" to "BВ-", outlook "Stable". Additionally, Agency raised ForteBank's rating on Kazakhstan national scale to 'kzA-' from 'kzBBB+'. S&P Global Ratings says, that ForteBank capitalization strengthened, and they expect the bank will operate with a higher capital buffer and continue to be in top five banks in Kazakhstan in terms of assets. unquote The complete press release is available on KASE website: - https://kase.kz/files/emitters/ASBN/asbn_relizs_080722.pdf - in Russian; - https://kase.kz/files/emitters/ASBN/asbn_relizs_080722_en.pdf - in English. [2022-07-11]

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

ForteBank JSC published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 09:33:05 UTC.