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Article: BRIEFING - ASIA BANKING - MARCH 30, 2009.
- Article from:
- AsiaPulse News
- Article date:
- March 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on banking for March 30, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
S&P DOWNGRADES 4 KAZAKH BANKS TO "C"
ASTANA - Standard and Poor's has cut the long-term counter party credit ratings on Kazakhstan-based Alliance bank and BTA Bank, and its two subsidiaries Temirbank and BTA-Ipoteka Mortgage Co.
Ratings of Alliance bank were lowered from "B/B" to "C/C," BTA bank, Temirbank and BTA Ipoteka ratings were lowered from "CCC +/C" to "C."
S KOREA'S KAMCO TO BUY DISTRESSED PROPERTY LOANS FROM FINANCIALS
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