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Article: Moody's reviews eleven Kazakh corporate GRIs for downgrade.
- Article from:
- CPI Financial
- Article date:
- June 16, 2009
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Byline: news@cpifinancial.net (Staff Writer)
The review was prompted by concerns, following recent defaults in the banking sector, that over time the government may become more selective in its allocation of support to its government-owned corporate holdings where the need for future substantial capital investments is anticipated.
In its review, Moody's will therefore focus on the very high government support assumptions that are incorporated in the ratings, as well as the assumed levels of interdependence for each name with the State (Government sovereign ratings FC/LC Baa2/Negative). Out of the 11 corporate ratings, Moody's remains comfortable with the ...