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Published on 11/30/2015 in the Prospect News Emerging Markets Daily.

S&P trims VTB Bank

Standard & Poor’s said it lowered its long-term Kazakhstan national scale rating on VTB Bank (Kazakhstan) to kzA from kzA+.

At the same time, S&P affirmed the BB/B long- and short-term counterparty credit ratings on the bank. The outlook remains negative.

“The lowering of the national scale rating reflects our view that VTB Bank (Kazakhstan)’s asset quality is weakening,” S&P said in a news release.


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