OREANDA-NEWS. June 16, 2010. Moody's Investors Service announced that it has withdrawn all ratings of Eximbank Kazakhstan (Eximbank). At the time of withdrawal, Eximbank's ratings were as follows: long-term local and foreign currency deposit ratings of B3, short-term local and foreign currency ratings of Not Prime, and Bank Financial Strength Rating (BFSR) of E+. The outlook on all the ratings of the bank is negative, reported the press-centre of KASE.

Moody's has withdrawn these ratings for business reasons following the official request from Eximbank. Please refer to Moody's Withdrawal Policy on www.moodys.com.

Moody's most recent rating action on Eximbank was on 24 February 2009 when the rating agency confirmed the bank's ratings and placed a negative outlook on them.

The principal methodologies used in rating Eximbank were "Bank Financial Strength Ratings: Global Methodology", published in February 2007, and "Incorporation of Joint-Default Analysis into Moody's Bank Ratings: A Refined Methodology", published in March 2007, and available on www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered in the process of rating this issuer can also be found in the Rating Methodologies sub-directory on Moody's website.

Headquartered in Almaty, Kazakhstan, Eximbank reported total assets of USD486 million and total capital of USD90 million, according to the regulatory reports at end-Q1 2010.