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Published on 6/22/2012 in the Prospect News Emerging Markets Daily.

Moody's: Kazakhstan negative

Moody's Investors Service said the outlook on Kazakhstan's banking system remains negative.

The key drivers of the outlook are: (a) Limited, system-wide credit growth; (b) a large overhang of problem loans requiring higher loan-loss reserves; (c) weak profitability; and (d) low capitalization, the agency said.


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