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BTA Bank Upgraded to 'B-/C' on Completion of Restructuring; Outlook Stable; Assigned 'KZBB-' Rating

27.10.2010

BTA Bank JSC (the "Bank") is pleased to announce that on October, 26 2010 Standard & Poor's Ratings Services raised its long-term counterparty credit ratings to 'B-' from 'D' and its short-term counterparty credit ratings to 'C' from 'D'. The outlook is stable. At the same time, Kazakhstan national scale rating was assigned a 'kzBB-'.

"The upgrade reflects the improvement of BTA's stand-alone credit profile resulting from the completion of the restructuring of its wholesale debt, as well as our incorporation in our assessment of the stand-alone credit profile of ongoing financial support from the Kazakh government," said Standard & Poor's credit analyst Ekaterina Trofimova.

 

Media contacts:

Kalamkas Tuleshova

Tel.: +7 (727) 266-47-99
Fax. +7 (727) 250-12-55
Email: tuleshova@bta.kz
www.bta.kz