S&P downgrades rating of Kazakhstani affiliated company of VTB bank
Almaty. February 9. KazTAG - Standard & Poor's international agency has downgraded the ratings of VTB Bank Kazakhstan from BB+/negative/B to BB/negative/B on the global scale and from kzAA- to kzA+ on the national scale, the agency said.
The agency reported about ratings downgrading of 20 Russian financial institutions, including the Russian VTB Bank.
Due to this the credit ratings of VTB Bank Kazakhstan has lowered from BB+/ negative/B to BB/negative on the global scale and from KZAA- to KZA+ on the national scale.