Kaspi Bank JSC announced an update by Moody's Ratings Agency in the bank’s ratings, the outlook is "Stable"

13.09.24 14:53
/KASE, 13.09.24/ – Kaspi Bank JSC (Almaty), whose securities are on the official list of Kazakhstan Stock Exchange (KASE), informed KASE of the following: the beginning of the quote On September 12, 2024, Moody's Ratings international rating agency took the following rating actions in relation to the Bank: - long-term deposit ratings in national and foreign currencies have been upgraded to Baa3 from Ba1; - short-term deposit ratings have been upgraded to P-3 from NP; - long-term deposit ratings on the national scale have been confirmed at the level of A2.kz; - long-term counterparty risk ratings have been upgraded to Baa3 from Ba1; - long-term counterparty risk ratings on the national scale have been confirmed at the level of A1.kz; - short-term counterparty risk ratings have been upgraded to P-3 from NP; - long-term counterparty risk assessment has been upgraded to Baa3(cr) from Ba1(cr); - short-term counterparty risk assessment has been upgraded to P-3(cr) from NP(cr); - basic credit rating assessment has been upgraded to ba2 from ba3; - adjusted basic credit assessment has been upgraded to ba2 from ba3 - outlook has been changed to “Stable” from "Positive". the end of the quote This information is available at: https://kase.kz/files/emitters/CSBN/csbn_rating_120924_24.pdf [2024-09-13]