Moody's changes Eurasian Bank view to stable

Moody's Investors Service said it affirmed Eurasian Bank's b3 baseline credit assessment and adjusted BCA, the B2 long-term local and foreign currency deposit ratings and changed the outlooks on the bank's long-term local and foreign currency deposit ratings to stable from negative.

Moody's also affirmed the bank's B1/Not Prime long-term and short-term local and foreign currency counterparty risk ratings and the bank's B1(cr)/ Not Prime(cr) long-term and short-term counterparty risk assessments.

Concurrently, Moody's also affirmed the bank's Ba3.kz national scale long-term deposit rating and the Ba1.kz national scale long-term counterparty risk rating.

“Today's rating action captures stabilization in Eurasian Bank's solvency profile that was achieved thanks to the relatively resilient and strong performance of the bank's consumer lending business,” Moody’s said in a news release.

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