MUMBAI (Thomson Financial) - Fitch Ratings said it affirmed the ratings on Temirbank reflecting the Kazakh bank's high credit risks due to rapid expansion of its retail loan portfolio against slowing growth rates in the third quarter.
Fitch has a long-term issuer default rating of 'BB-', short-term issuer default of 'B', individual rating of 'D/E' and support rating of '3' on the bank.
The outlook for the long-term issuer default remains stable.
Fitch said affirmation comes after the affirmation of its majority owner Bank TuranAlem. TFN.newsdesk@thomson.com aka/ssa COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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