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BTA Bank Upgraded to 'B-' on Completion of Restructuring; Outlook Stable

10.12.2010

BTA Bank JSC (the "Bank") is pleased to announce that on December, 10 2010 Fitch Ratings raised its long-term foreign currency Issuer Default Ratings (IDRs) 'B-' with Stable Outlooks.

Short-term national and foreign currency IDR: upgraded to 'B' from 'RD', Individual Rating: upgraded to 'E' from 'F', Support Rating: affirmed at '5'.

The rating actions follow the completion of the restructuring of BTA Bank's liabilities in September 2010. The ratings also account for the very long-term nature of its current funding structure and support provided to the bank by its majority shareholder National Welfare Fund Samruk-Kazyna.

 

Media contacts:

Kalamkas Tuleshova

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