OREANDA-NEWS. On October 10, 2007 Kazkommertsbank JSC (Almaty) that is a listing company on Kazakhstan stock exchange (KASE) had provided KASE with the press release of the following content, reported the press-centre of KASE:

October 10 of 2007, Almaty - Moody's rating company had published within its new methods the GLC (Global rating of banking deposits in national currency), in which Kazkommertsbank was assigned the rating at Baa2 level. The mentioned ration is one of the highest among Kazakhstani banks.

Rating of deposits is included in the rating of Moody's financial stability as a relative assessment of credit risk.

Global local currency deposits rating (GLCDR) by Moody's method incorporates such aspects of credit risk as the ability of rated bank to conduct the payments on its liabilities in national currency and reflects the internal financial stability and presence of support from the side of government.

"Assignment of the mentioned rating proves strong positions of Kazkommertsbank on the local market of banking services and the highest rating indicator for Kazakhstan gives a good confidence in stable work of the bank to our depositors", - the director of KKB financial institutions department Natalia Kim comments.

Founded almost a century ago with the aim of shares evaluation, Moody's Investors Service rating company today is a global leader in rendering rating services. Thousands of investors all over the world trust in Moody's ratings as in the most precise, consecutive and comprehensive. The rating system was first proposed in 1909. The grades of the rating from Aaa to N are known. Today, Moody's is the evaluation of activities of 5,000 corporate and state clients and 20,000 municipals; that is 99% of U.S. market, 90% of eurobonds, 85% of commercial eurosecurities; that is offices all over the world.