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S&P rating actions on BTA Bank
11.11.2011Dear All,
Please be informed that Standard & Poor's Ratings Services has affirmed the long- and short-term BTA credit ratings at 'B-/C' and the Kazakhstan national scale rating at 'kzBB-', revised its outlook to negative from stable and withdrew the ratings.
This measure was solely performed for the purpose of ongoing cost optimization process, at the request of BTA Bank.