S&P Global Ratings downgrades Foreign Currency LT credit rating of Development Bank of Kazakhstan to “BB+”; outlook negative

Kazakhstan-based Halyk Bank ratings affirmed and Kazkommertsbank ratings put on watch positive on planned merger - S&P

On June 30, 2017, S&P Global Ratings lowered its long- and short-term foreign and local currency issuer credit ratings on Development Bank of Kazakhstan (DBK) to ‘BB+/B’ from ‘BBB-/A-3’. At…

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