LONDON, UK: S&P Global Ratings has affirmed its ‘BB/B’ long- and short-term issuer credit ratings and its ‘kzA+’ Kazakhstan scale rating on Halyk Savings Bank of Kazakhstan. The outlook is stable. S&P Global Ratings has noted that the Bank has reduced its stock of problem assets substantially over the past several years, and believes that…
LONDON: Fitch Ratings has upgraded Halyk Bank’s Long-Term Issuer Default Ratings (IDR) to ‘BBB-‘ from ‘BB+’, the outlook is Stable. As a result, the Bank’s rating was upgraded from speculative to investment grade. For the first time in the history of the country, a private commercial bank in Kazakhstan received an investment grade rating from…
HELSINKI: On January 22, 2021 S&P Global Ratings (S&P) changed the trend of economic risk for Finland’s Banking Industry Country Risk (BICRA) to stable from negative. The Finnish economy and banking sector are performing better than many other European countries amid the Covid-19 crisis. S&P believes the Finnish banking sector is well positioned to weather…