OREANDA-NEWS. December 10, 2010. JSC “Eurasian Bank” chose to cease its participation in the Fitch Ratings.During the summer 2010, Eurasian Bank applied to the three rating agencies with the purpose to retain two, as ratings from three agencies are not necessary. Moody’s and S&P were selected out of threeб reported the press-centre of Eurasian Bank.

Fitch issued a press release with the details that were not based on discussions with Eurasian Bank management and/or Bank internal documents but only on FSA (Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations) data. As a result, Fitch has withdrawn its rating of Eurasian Bank effective 06 December, 2010.
 

JSC “Eurasian Bank” expresses its gratitude to the Fitch Ratings for fruitful work and looks forward to further cooperation in the future.

If there are any questions regarding this matter contact the Press Office of Eurasian Bank.