Fitch to Revise Ratings of Temirbank
OREANDA-NEWS. July 09, 2010. Fitch Ratings announced that it is planning to revise ratings of Kazakh Temirbank (which currently has long-term issuer default rating (IDR) in foreign currency 'RD') after the bank had announced on June 30 to have completed its restructuring, reported the press-centre of KASE.
The Agency is planning to complete the revision in the nearest two months, when it will analyze the data to be provided by the bank on its current financial standings and future plans.
Current Temirbank's ratings:
Long-term IDR in foreign currency: 'RD' (restricted default)
Short-term IDR in foreign currency: 'RD'
Individual rating: 'F'
Support rating: '5'
Long-term IDR support level: 'no support level'.
According to the Methodology of Fitch risks of banks are reflected in individual ratings, and prospects of support - in support ratings assigned by Fitch. Jointly indicated ratings condition long-term and short-term IDRs.