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Article: S&P revises outlook on Kazakhstan's Temirbank, BTA Ipoteka to negative, affirms 'CC/C' ratings.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- July 29, 2009
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S&P revises outlook on Kazakhstan's Temirbank, BTA Ipoteka to negative, affirms 'CC/C' ratings
FRANKFURT. July 29 (Interfax) - Standard & Poor's Ratings Services has revised its outlook on Kazakhstan-based Temirbank JSC (Temirbank) and BTA Ipoteka Mortgage Co. (BTAI) to negative, the ratings agency said in a statement.
The ratings were removed from CreditWatch, where they were originally placed with negative implications on March 20, 2009. At the same time, the 'CC/C' long-and short-term counterparty ratings were affirmed.
"The rating action reflects the announcement by the banks' parent BTA (D/--/D) that, at this stage, it is not envisaged ...