OREANDA-NEWS. November 1, 2010. BTA Bank JSC (the "Bank") is pleased to announce that Standard & Poor's Ratings Services raised its long-term counterparty credit ratings to 'B-' from 'D' and its short-term counterparty credit ratings to 'C' from 'D'. The outlook is stable. At the same time, Kazakhstan national scale rating was assigned a 'kzBB-'.

"The upgrade reflects the improvement of BTA's stand-alone credit profile resulting from the completion of the restructuring of its wholesale debt, as well as our incorporation in our assessment of the stand-alone credit profile of ongoing financial support from the Kazakh government," said Standard & Poor's credit analyst Ekaterina Trofimova.