S&P alters SB-Alfa Bank view to stable

S&P said it revised the outlook for to stable from positive and affirmed its BB- long-term issuer credit rating on SB Alfa-Bank. At the same time, S&P affirmed the bank’s kzA Kazakhstan national scale rating.

“The outlook revision reflects our view that current challenging operating conditions from the economic slowdown in Kazakhstan will likely put pressure on SB Alfa-Bank's asset quality in the medium term as well as on core earnings and return on equity,” said S&P in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.