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S&P withdraws Kazakh Development Bank's rating

Business Materials 6 August 2011 16:22 (UTC +04:00)

Azerbaijan, Baku, Aug. 6 / Trend /

Standard & Poor's announced about confirming the rating "Analysis and evaluation of the effectiveness of corporate governance, accountability and management" assigned to "Development Bank of Kazakhstan" at the level of "GAMMA 5 +" and its subsequent withdrawal.

The rating was withdrawn at the initiative of Standard & Poor's in connection with the decision to stop providing services to evaluate corporate governance on the GAMMA methodology. At the same time, Standard & Poor's will continue evaluating the corporate governance within the credit analysis.

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