S&P changes Kapitalbank to positive

Standard & Poor's said it revised its outlook on Uzbekistan-based Kapitalbank to positive from stable and affirmed its B-/C long- and short-term counterparty credit ratings.

S&P said the outlook revision reflects its expectation that Kapitalbank's robust profitability, along with tightening minimum capital requirements in Uzbekistan, should allow the bank to maintain a risk-adjusted capital ratio comfortably above 3%.

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