Moody's rates Nurbank bond B2

Moody's Investors Service said it assigned a B2 long-term local-currency debt rating to the local-currency denominated bond issue of JSC Nurbank (Kazakhstan). The bond represents a senior unsecured claim on the bank.

The outlook is negative.

The obligations of Nurbank to make payments under the senior unsecured bond issue will rank at least pari-passu with the claims of all other unsecured and unsubordinated creditors of the bank, except for those claims that are preferred by law, Moody's said.

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