Moody's changes Eurasian Bank's outlook to stable; affirms ratings

Moody's changes to positive from stable the outlook on Eurasian Bank's ratings - Rating Action – 2022/12/15 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Eurasian Bank: Update following ratings confirmation, outlook stabilisation - Credit Opinion – 2022/04/21 – US$ 250.00 – ...Eurasian Bank's B2 deposit ratings are based on its b3 BCA and a one-notch uplift, given our assessment of moderate probability of support from the Government of Kazakhstan. Eurasian's b3 BCA is supported by its established footprint in Kazakhstan's consumer lending sector, together with a large liquidity buffer and limited refinancing needs. The BCA also captures the bank's business reliance on the volatile consumer segment; historically weak loan performance; high problem loans; and historical governance issues (reflected in high related-party exposures and weak credit origination standards in the recent past). On 12 April 2022, we confirmed Eurasian Bank's ratings and changed the outlook to stable. The ratings confirmation reflects our assessment that the operating environment and the credit profile of the bank will remain resilient to the increased social and political risks in the country, which is highlighted by the widespread social unrest and related state of emergency in January...

Eurasian Bank: Update following the placement of ratings under review for possible downgrade - Credit Opinion – 2022/01/17 – US$ 250.00 – ...Eurasian Bank's B2 deposit ratings are based on its b3 Baseline Credit Assessment (BCA) and incorporate a one-notch rating uplift, given our assessment of a moderate probability of support from the Government of Kazakhstan (Baa2 stable...

Moody's withdraws Eurasian Bank's National Scale Ratings for business reasons - Rating Action – 2021/11/09 – US$ 180.00 – ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY'S IN ANY FORM OR MANNER WHATSOEVER. Moody's Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that...

Eurasian Bank: Update following change in outlook to stable - Credit Opinion – 2021/09/30 – US$ 250.00 – ...On 28 September, we changed the outlook to stable from negative on Eurasian Bank's B2 long-term local- and foreign-currency bank deposit ratings, reflecting lower solvency risks following stabilisation in pre-provision earnings and strengthened coverage of problem loans by loan loss reserves. The B2 long-term deposit ratings and the B1 Counterparty Risk Ratings (CRRs) are based on Eurasian Bank's b3 Baseline Credit Assessment (BCA) and factor in our assessment of a high probability of government support. As a result, there is a one-notch uplift to the bank's B2 long-term deposit ratings from its b3 BCA. Eurasian Bank's BCA of b3 is supported by its well-established footprint in Kazakhstan's consumer lending sector, together with low liquidity risks because of the large liquidity buffer (at more than 40% of total assets) and limited refinancing risks. On the other hand, the BCA captures the bank's almost-full business reliance on the volatile and increasingly competitive consumer lending...

Eurasian Bank: Update to credit analysis - Credit Opinion – 2020/11/13 – US$ 250.00 – ...We assign Eurasian Bank the Baseline Credit Assessment (BCA) and Adjusted BCA of b3, and long-term local- and foreign-currency bank deposit ratings of B2. The negative outlook on long-term bank deposit ratings reflects our expectations that the coronavirus outbreak in Kazakhstan and the economic contraction will impair retail borrowers disposable incomes as well as reinforce negative pressures on the bank's corporate borrowers, straining Eurasian Bank's asset quality and revenues, increasing the risk of loss-making operations that could jeopardize already modest capital position. The ratings are based on Eurasian Bank's b3 BCA and factor in our assessment of a high probability of government support for the bank's deposits. As a result, there is a one-notch uplift to the bank's B2 deposit ratings from its b3 BCA. Eurasian Bank's standalone BCA of b3 is supported by low refinancing risk given its good liquidity buffer and limited reliance on wholesale funding and a well-established footprint...

Eurasian Bank: Update following rating action - Credit Opinion – 2020/05/19 – US$ 250.00 – ...On 30 April 2020, we affirmed Eurasian Bank's b3 Baseline Credit Assessment (BCA) and Adjusted BCA, and B2 long-term local- and foreign-currency deposit ratings, and changed the outlook on the deposit ratings to negative from stable. The rating action reflects our expectations that the coronavirus outbreak in Kazakhstan and the oil price collapse will increase unemployment across the country and decrease borrowers' disposable incomes, straining Eurasian Bank's asset quality and pre-provision earnings. The ratings are based on Eurasian Bank's b3 BCA and factor in our assessment of a high probability of government support for the bank's deposits. As a result, there is a one-notch uplift to the bank's deposit ratings from its b3 BCA. Eurasian Bank's standalone BCA of b3 is supported by low refinancing risk given its good liquidity buffer and limited reliance on wholesale funding and a well-established footprint in Kazakhstan's consumer finance sector. At the same time, the ratings are constrained...

Moody's changes Eurasian Bank's outlook to negative (Russian translation) - Rating Action – 2020/05/12 – US$ 180.00 – , , , , , , - . , , . MOODY'S , , , , , - . - MIS, Moody's Corporation ("MCO"), , ( , , ) , MIS, - MIS ...

Moody's changes Eurasian Bank's outlook to negative - Rating Action – 2020/04/30 – US$ 180.00 – ...ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

Eurasian Bank JSC: Update to credit analysis - Credit Opinion – 2020/02/14 – US$ 250.00 – ...We assign Eurasian Bank JSC (Eurasian Bank) long-term local- and foreign-currency deposit ratings of B2. The ratings are based on Eurasian Bank's b3 Baseline Credit Assessment (BCA) and factor in our assessment of a high probability of government support for the bank's deposits. As a result, there is a one-notch uplift to the bank's deposit ratings from its b3 BCA. Eurasian Bank's standalone BCA of b3 is primarily constrained by its (1) weak asset quality, with some of the loans insufficiently provisioned for; (2) high related-party exposures; and (3) low profitability, which is strained by provision charges. At the same time, the bank's BCA captures its loss-absorption capacity, supported by solid revenue streams, and good liquidity buffer and low reliance on wholesale funding....