S&P Global Ratings revises outlook on Kazakh ForteBank to positive

10.11.2017

S&P Global Ratings has revised its outlook on ForteBank JSC to positive from stable and affirmed its 'B/B' long- and short-term issuer credit ratings.

At the same time, S&P Global Ratings raised its Kazakhstan national scale rating on the bank to 'kzBB+' from 'kzBB'.

"The rating actions reflect our view that ForteBank...