S&P affirms ratings of EDB, outlook remains stable

S&P affirms ratings of EDB, outlook remains stableStandard & Poor’s Ratings Services said today that it affirmed its ‘BBB’ long-term and ‘A-3’ short-term foreign currency issuer credit ratings on Kazakhstan-based Supranational Eurasian Development Bank (EDB). The outlook remains stable. We also affirmed the Kazakh and Russian national scale ratings at ‘kzAA+’ and ruAAA’, respectively.

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Press release on the results of Kazatomprom’s operation for the six months of 2010

Press release on the results of Kazatomprom’s operation for the six months of 2010Uranium production volume in the Republic of Kazakhstan for the first six months of 2010 made up 8,452 tU that is 42% more than in the corresponding period of 2009. According to the plans corrected uranium production in the second half of 2010 is expected to be 9,770 tons. MAEC-Kazatomprom LLP, the enterprise of the Holding producing energy and water for Aktau city and Mangistau oblast, produced 2,143 mln. kW*/hour of energy, 1,538 ths. Gcal of heat energy and 538 mln. m3 of water.

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Moody’s downgrades ATFBank to Ba2

Moody's downgrades ATFBank to Ba2Moody’s Investors Service has today downgraded ATF Bank’s local and foreign-currency deposit and senior unsecured debt ratings to Ba2 from Ba1. The bank’s E+ bank financial strength rating (BFSR) has been affirmed, which now translates to a Baseline Credit Assessment (BCA) of B3. ATF Bank’s B1 foreign-currency junior subordinated debt rating has also been affirmed. At the same time, Moody’s changed the outlook on all of the bank’s ratings to stable from negative.

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