Moody’s: Kazakh Government Helps Halyk Bank Take Over Kazkommertsbank, A Credit Positive

Moody's: Kazakhstan More Resilient Than Azerbaijan In Adjustment To Lower Oil Prices

Issuer Comment: Kazakh Government Helps Halyk Bank Take Over Kazkommertsbank, a Credit Positive

06 March 2017

Issuer(s): Halyk Savings Bank of Kazakhstan; Kazkommertsbank
Description: Short reaction to the implication of recent market events for a specific issuer from Moody’s Investors Service analysts.

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s commitment and expertise contributes to transparent and integrated financial markets. The firm’s ratings and analysis track debt covering more than 120 sovereign nations, approximately 11,000 corporate issuers, 21,000 public finance issuers, and 72,000 structured finance obligations. Moody’s Investors Service is a subsidiary of Moody’s Corporation (NYSE: MCO), which reported revenue of $3.6 billion in 2016, employs approximately 10,600 people worldwide and maintains a presence in 36 countries.

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